Asian shares rise despite Chinese property slump

Sydney, Nov. 9 (BNA): Asian share markets rallied on Thursday and the dollar firmed, even as global investors again sold off the troubled mainland Chinese property sector.

 

MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1%, and is up 4.3% so far this month, Reuters reported.

 

The yield on benchmark 10-year Treasury notes reached 4.4902% compared with their U.S. close of 4.508% on Wednesday.

 

The two-year yield, which rises with traders’ expectations of higher Fed fund rates, touched 4.9277% compared with a U.S. close of 4.936%.

 

 


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