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Market Updates: Asia Stocks Fall; Treasuries Stay Higher After CPI

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  • Slower-than-expected U.S. CPI may give Fed room to delay taper

  • Reopening risks sap stocks; China data set to show slowdown

A majority of Asian stocks fell Wednesday amid growth concerns while Treasuries retained gains in the wake of inflation data that signaled flexibility for the Federal Reserve over when to start tapering stimulus.

In Japan and Australia shares retreated, but edged higher in South Korea. U.S. futures rose. The S&P 500 and Nasdaq 100 declined overnight. The 10-year Treasury yield remained below 1.3%, narrowing the yield gap between short- and longer-maturity U.S. debt. Bonds in Australia and New Zealand also advanced. The dollar was steady.

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