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Asian Markets A Sea Of Red

Asian stock markets are a sea of red on Wednesday, following the broadly negative cues from global markets overnight, as strong US economic data sent Treasury yields higher and renewed concerns over the outlook for interest rates.

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Australian Market Sharply Lower

Australian shares are trading sharply lower on Wednesday, extending the slight losses in the previous session, with the benchmark S&P/ASX 200 falling below the 7,800 level, following the broadly negative cues from global markets overnight, with losses in technology and financial stocks amid a spike in treasury yields.

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Market closes in the red after testing news highs in early trading

The Australian share market ignored the softer lead from US markets overnight to test new highs in early trading, before late afternoon selling pushed the index into the red.

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Australia: Shares hit record high; RBA cautious on inflation

Australia: Shares hit record high; RBA cautious on inflation
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Australian shares hit record high; RBA cautious on inflation

Australian shares hit an all-time high on Tuesday as trading resumed after a long holiday weekend, with miners leading the way, while market participants assessed minutes of the central bank s last.

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