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Asia stocks set to dip as growth risk boosts bonds: markets wrap
Asian stocks look set to slip early Tuesday after U.S. equities turned lower, Treasury yields tumbled and oil slid on concerns that the economic recovery from the pandemic is losing momentum.
Futures fell in Japan and Australia and were little changed in Hong Kong. The S&P 500 ended with a modest drop and the 10-year U.S. Treasury yield fell as low as 1.15% as the pandemic and signs of robust but softer U.S. manufacturing growth soured sentiment. U.S. equity contracts were steady in early Asia trading....