Asian shares rise as S&P 500 records longest win streak in two years
Asian share markets rallied on Thursday and the dollar was weaker after most U.S stocks edged higher and the S&P 500 recorded its longest winning streak in two years, with investors on high alert for signs that global interest rates have peaked.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat, although up 4.6% so far this month.
The yield on benchmark 10-year Treasury notes reached 4.5059% compared with a U.S.
close of 4.523% on Wednesday.
The two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 4.932% compared with a U.S. close of 4.936%.
Australian shares were up 0.44%, and Japan's Nikkei stock index was up 0.85%.
Hong Kong's Hang Seng Index was up 0.11% in early trade while China's bluechip CSI300 Index was 0.2% higher in early trade.
«Markets were relatively calm following recent volatility as participants await the release of next week's October U.S.
CPI report and try to ascertain whether last week's moves in U.S. Treasuries, equities and the dollar are corrective or represent a fundamental shift in direction,» ANZ economists wrote.
Chinese inflation figures for October published on Thursday showed a 0.1% decline compared to September and a 0.2% fall from one year, according to official statistics.
