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Asian stocks extended a global equity rally Tuesday as investors shook off concerns about the impact of higher bond yields. Treasuries were steady. Stocks saw modest gains in Japan and Australia, and surged in South Korea which reopened after a holiday. S&P 500 futures ticked higher following a broad-based rally in U.S. equities overnight. Earlier, the U.S. benchmark notched its biggest advance in almost nine months and the Nasdaq Composite jumped almost 3%. Benchmark Treasury yields were little changed after ticking higher Monday. The dollar was steady against most major peers.
U.S. stocks dropped after the biggest rally in nine months spurred speculation about excessive investor optimism. Treasuries stabilized, following a recent spike in yields. The dollar retreated.
U.S. stocks dropped after the biggest rally in nine months spurred speculation about excessive investor optimism. Treasuries stabilized, following a recent spike in yields. The dollar retreated.
U.S. stocks dropped after the biggest rally in nine months spurred speculation about excessive investor optimism. Treasuries stabilized, following a recent spike in yields. The dollar retreated.