Asian stocks drop, Fed shift reverberates

By Kevin Buckland
Updated June 21 2021 - 12:35pm, first published 12:29pm
Japan's Nikkei has led declines, dipping below 28,000 for the first time in a month.
Japan's Nikkei has led declines, dipping below 28,000 for the first time in a month.

Asian stocks have dropped as investors mulled the implications of a surprise hawkish shift last week by the US Federal Reserve, while the Treasury yield curve flattened further with 30-year yields dropping below two per cent.

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