August 22, 2023 6:51 PM

Global stocks extend comeback rally, US benchmark Treasury yields touches a 16-year high

Global stocks today extended their comeback rally. The US benchmark Treasury yields touched a 16-year high on concerns those interest rates could stay higher for longer and the safe-haven dollar nudged lower from recent 10-week highs.   Asian share markets ended up. Japan's Nikkei-225, Hong Kong's Hang Seng, and China's Shanghai Composite index rose 0.9 percent each. South Korea's Kospi gained 0.3 percent and Singapore's Straits Times index added 0.2 perc...