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Welcome to the La Monnaie live blog. Follow this space for the latest stock market updates.
markets are closed for a public holiday on Tuesday.”/>
23 Feb 2021, 07:31:49 AM IST
Mixed Asian equities
Asian stocks were mixed on Tuesday, as rising U.S. Treasury yields and the outlook for inflation led to another rotation out of big tech stocks responsible for a major rally on Wall Street during the pandemic.
The South Korean Kospi fell almost 1%.
Australia’s ASX200 added 0.3%.
China’s Shanghai Composite and Hong Kong’s Hang Seng rose 0.2% each.
SGX Nifty from Singapore was flat.
Japanese markets are closed on Tuesday for a public holiday.
23 Feb 2021, 07:31:49 AM IST
Wall Street pulls out amid inflation fears
The S&P 500 and the Nasdaq closed lower on Monday as rising Treasury yields and the outlook for rising inflation sparked valuation issues, hitting stocks of high-growth companies.
The Dow Jones Industrial Average rose 29.08 points, or 0.09%, to 31,523.4, the S&P 500 lost 30.2 points, or 0.77%, to 3,876.51 and the Nasdaq Composite a fell 341.42 points, or 2.46%, to 13,533.05.
The S&P 500 has declined for five consecutive sessions, its longest such streak in a year.
