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Asian shares lower as North Korea suspends talks, U.S. yields shoot higher

Reuters  |  SHANGHAI 

By Andrew GalbraithSHANGHAI (Reuters) - Asian markets fell in early trade on Wednesday after Pyongyang called off talks with Seoul, throwing a major U.S.-North Korean summit into question, and a spike in the U.S. 10-year Treasury yield to a seven-year high knocked sentiment on Wall Street.MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1 percent.Strong U.S. retail and factory data on Tuesday pushed the U.S. 10-year yield through a key level to hit 3.095, its highest since July 2011. The rise in yields hurt U.S. share markets on concerns it would undercut stock ...

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First Published: Wed, May 16 2018. 06:45 IST
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