Market benchmarks in
Rising prices reflect growing industrial and consumer activity after last year's global shutdown to fight the coronavirus pandemic. But investors worry surging inflation might disrupt the recovery or prompt central banks to withdraw stimulus and near-zero interest rates.
The market reaction was “mild, reflecting the belief that this jump in inflation will eventually calm,”
The Shanghai Composite Index fell 0.7% to 3,437.14 and the
The Kospi in
Apple, Microsoft and Amazon all fell more than 2%.
Bond yields, or the difference between market price and the payout at maturity, snapped higher as prices fell. Bond prices fall if investors worry the value of that payout will be eroded by higher inflation.
The yield on the 10-year
In energy markets, benchmark
The dollar gained to