Dow Jones Retreats as Sentiment Sours, Will Hang Seng Index Follow? DOW JONES, HANG SENG, ASX 200 INDEX OUTLOOK: US government bonds yields continued to fall, suggesting that reflation optimism may be faltering Asia-Pacific markets are positioned to follow a negative lead, with most futures trading in the red Yields, Delta Variant, Jobless Claims, Asia-Pacific at Open: Wall Street equities pulled back from their record highs as the emerging Delta variant of the Covid-19 virus casted a shadow over the outlook of global recovery. All Dow Jones sectors ended lower, with financial, materials and consumer discretionary sectors leading the decline. 10-year Treasury yields fell to 1.294% - the lowest level seen since February. This suggests that market’s view on reflation and long-term inflation may be weakening. Rising demand for safety may have also attributed to the rise in Treasury note prices, sending yields lower.