Asia shares slip on Middle East woes, higher yields

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Key Points

SYDNEY (Reuters) Asian shares hit one-year lows Monday as the risk of a wider conflict in the Middle East clouded sentiment in a week laden with data on U.S. growth and inflation as well as earnings from some of the worlds largest tech companies...

Washington warned over the weekend of a significant risk to U.S. interests in the Middle East as ally Israel pounded Gaza and clashes on its border with Lebanon intensified...

The recent surge in bond yields has tightened monetary conditions without the central banks having to do anything, allowing the Federal Reserve to signal it will likely stay on hold at its policy meeting next week...

The jump in yields has challenged equity valuations and dragged most of the major indices lower last week, while the VIX fear index of U.S. stock market volatility hit its highest since March...

Profits should be supported by the strength of consumer demand with figures on U.S. gross domestic product this week expected to show annualised growth of a heady 4.2% in the third quarter, and nominal annualised growth possibly as high as 7%...

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