Asian shares eked out modest gains on Thursday, clawing back sharp losses from earlier this week, however, rising US bond yields and interest rates could dampen investors’ optimism toward the global economic outlook.
The US Federal Reserve kept interest rates on hold as expected at its first policy meeting in 2018 on Wednesday but flagged interest policy tightening later this year.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.1 percent in early trade, slowly recovering after Tuesday’s 1.4 percent fall. Japan’s Nikkei also gained, rising 0.5 percent from a four-week low hit the previous day.
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