The 10-year US Treasury yield jumped back above 4.5% on Tuesday after weak demand at the latest government bond auction and hawkish Fed remarks.
People in northern India have been struggling with an unrelenting, weekslong heat wave that has forced schools to close in some places and raised the risk of heatstrokes for laborers working outdoors. India’s weather department expects the high temperatures to persist across the region for the next few days and has put several states on high alert. The nearby states of Punjab and Haryana also saw temperatures soar, with parts of the capital, New Delhi, topping the 48 C (118 F) mark on Tuesday.
TOKYO (AP) — Asian shares were mostly lower Wednesday after a mixed session on Wall Street following a three-day holiday weekend. Shares fell in Tokyo, Seoul, Sydney and Hong Kong, but rose in Shanghai. Mainland Chinese markets were lifted by moves by city governments in China to support the property market. Oil prices also rose. Japan's benchmark Nikkei 225 shed 0.4% in early trading to 38,695.05. Australia's S&P/ASX 200 dipped 1.0% to 7,688.60. South Korea's Kospi lost 0.9% to 2,698.43. Hong K