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Old 11-10-2016, 11:30 PM   #1
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Default Asian shares stumble as soaring U.S. bond yields fuel outflow worries

By Hideyuki Sano TOKYO - Asian shares stumbled on Friday and emerging market currencies skidded as investors feared higher interest rates under incoming President Donald Trump will spark capital outflows from the region. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.4 percent as U.S. bond yields continued to soar on views that Trump's spending plans will push up inflation, possibly triggering more aggressive rate hikes by the Federal Reserve. Emerging markets bore the brunt of selling, with Indonesian shares slumping 3 percent while the rupiah currency fell more than 2.5 percent to 4-1/2-month lows.




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