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Asian Shares Mixed Amid Bond Yield Concerns

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Asian stocks turned in a mixed performance on Monday as concerns persisted about a recent surge in global bond yields and the prospects of a global economic recovery.

Chinese shares rallied as China kept its benchmark lending rate for corporate and household loans unchanged for an 11th straight month at its March fixing, as widely expected.

The benchmark Shanghai Composite Index jumped 38.78 points, or 1.1 percent, to 3,443.44, while Hong Kong's Hang Seng Index edged down 0.4 percent to 28,885.34.

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