Asia, Daily Dose

Treasuries fall amid Fed talk, while Chinese stocks rise – Asia Market Wrap

Treasury bonds declined as a Federal Reserve representative underlined that the quantity of interest rate decreases this year may be postponed in light of recent US economic statistics.

Gains in Hong Kong and mainland Chinese equities outweighed losses in Japan, resulting in minimal changes to an Asia-Pacific equity gauge. Hon Hai Precision Industry Co.’s shares, which produce iPhones for Apple Inc., surged in Taiwan as enthusiasm for artificial intelligence outpaced worries about a slow rebound in the smartphone market.

Following Fed Governor Christopher Waller’s comments following the Wednesday close, which indicated that there is no rush to drop interest rates and that he wants to see “at least a couple months of better inflation data” before lowering, yields on Treasuries increased across tenors in Asia. Treasury rates over two years, which are more susceptible to changes in policy, increased by almost four basis points. The dollar gained ground on the majority of its Group-of-Ten counterparts.