Asia-Pacific Markets React to US 10-Year Note Breaking 4.6% Barrier

Asia-Pacific equity markets are reacting to the US 10-year note breaking above the 4.6% barrier, with the Hang Seng Index and HK.cash futures experiencing losses. The surge in US yields is attributed to the hawkish stance of the US Federal Reserve, delaying the market’s expectations of interest rate cuts this year. The challenging global environment is impacting the Chinese market, with previous supportive elements fading into the background. Internal regulations and positive sector-specific data that bolstered the market are now less influential.