Asian stocks slid to a one-month low on Friday as a trounce in the global security market resulted in lower yields.
The extent of sell-offs forced the Reserve Bank of Australia to launch a ‘surprise bond-buying operation.’
The fear that an expected solid worldwide financial recuperation this year will cause inflation and urge central banks to increase interest rates regardless of consolations that expansionary monetary policy will be continued as long as needed.
The fear resulted in record-hitting stocks to shed. MSCI’s broadest index of Asia-Pacific shares outside Japan slid 2.4% to a one-month low, while Japan’s Nikkei shed 2.5%.
Chinese blue chips dropped by 2.5%. NASDAQ futures fell 3.52% overnight while S&P 500 futures S&P 500 lost 2.45%. EUROSTOXX 50 futures lost 1.2% and FTSE futures 1.1%.
