News > Asian stocks sink, bond yields tick higher amid US CPI hike

Asian stocks sink, bond yields tick higher amid US CPI hike

LiveMint | 13/06/2022 08:40 AM | Click to read full article

Asian stocks sank on Monday and bond yields ticked higher, as red-hot U.S. inflation reignited worries about even more aggressive Federal Reserve policy tightening, and a COVID-19 warning from Beijing added to concerns about global growth.

Chinese blue chips dropped 0.84%, and Hong Kong's Hang Seng suffered a 2.9% slide. Japan's Nikkei slumped 2.78%, and South Korea's Kospi declined 2.78%.