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Asian Markets Trade Mixed as Dollar Strengthens and Bond Yields Edge Higher
Asian equities were mixed as a stronger US dollar and higher bond yields kept markets cautious ahead of key US inflation data later this week.
Asian equities traded mixed on Tuesday as the US dollar strengthened and Treasury yields inched higher ahead of key inflation data due later this week. Japan’s Nikkei slipped after a weaker yen pushed up import-cost concerns, while Hong Kong and mainland China benchmarks steadied. Investors monitored US rate cut expectations and global commodity moves, with oil holding near $58.