Asia stocks mixed as investors grapple with higher rates

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Key Points

HONG KONG (Reuters) Asia stocks traded mixed on Wednesday and benchmark U.S. Treasury yields were near multi-year highs, as investors sour on both stocks and bonds amid worries about the impact of higher-for-longer interest rates...

The dollar index further rose after hitting a 10-month high on Tuesday, while the Japanese yen came closer to a key level where Japanese officials are seen as potentially intervening to shore up the currency...

On Tuesday, Wall Streets major stock indexes followed Asian and European equities lower as investors continued to digest last weeks indication from the Federal Reserve that it would keep rates higher for longer than investors had previously expected...

In currencies, the dollar index, which tracks the greenback against a basket of currencies of other major trading partners, advanced 0.085% to 106.3, after hitting 106.21 on Tuesday, the highest since Nov. 30..

Oil prices settled higher after reaching a two-week low earlier in Tuesdays session, as investors weighed expectations of tighter supply against demand concerns stemming from an uncertain economic outlook...

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