Asian shares decline as stronger US dollar and rising Treasury yields dampen risk appetite.

Asian shares fell Friday as a stronger US dollar dampened risk sentiment. Longer-term Treasury yields are expected to rise significantly this week, reflecting reduced expectations for US rate cuts in 2025. Despite Chinese policymakers promising economic stimulus, Chinese equity markets declined. Oil prices dropped slightly but are up for the week, while gold prices rose 2% to $2,690.21 per ounce.

December 13, 2024
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