HONG KONG (Reuters) - Asian shares dropped on Wednesday and U.S. benchmark yields rose to a three-and-a-half month top as investors stayed jittery about inflation with oil prices reaching new multi-year highs.
Stock market LIVE: On the sectoral front, barring Nifty Realty, Pharma, PSU Bank, all indices trade in the green
The Sensex ended the session at 59,299, a gain of 533 points or 0.9 per cent
Stock market LIVE: Sectorally, all the indices were in the green, led by the Nifty Realty index (up 3.5 per cent)
Stock market LIVE: Broader markets end mixed; BSE Midcap falls 0.11 per cent and Smallcap index rises 0.48 per cent
Stock Market LIVE: The HDFC twins and Bajaj Finance are the major contributors for the Sensex 30, while Reliance Industries, ICICI Bank, Asian Paints and Infosys are the key draggers
Stock Market LIVE: The broader indices, too, turned positive and gained up to 0.8 per cent
Negative global market cues and profit taking pushed both Sensex and Nifty lower for the first time in four days
MSCI's broadest index of Asia-Pacific shares outside Japan was just slightly higher by mid-afternoon after trading in the red following a mixed session on Wall Street.
Stock market Live: The Nifty Realty rose nearly 3 per cent, while Nifty IT was up 1.6 per cent
As Hong Kong markets came off a holiday, Evergrande's shares surged 30% to mark their best day.
Evergrande's shares surged 23% on Thursday after a unit said on Wednesday, when the Hong Kong market was closed for a holiday, that it had "resolved" a coupon payment on an onshore bond.
Singapore-traded FTSE China futures are about 2% below Friday's closing level. Safe-haven assets such as the yen and U.S. Treasuries rose slightly in morning trade.
By Tom Westbrook and Anushka Trivedi
Asian markets were jittery in volumes thinned by public holidays in China, Taiwan and South Korea
European shares also looked set to rise on opening with pan-region Euro Stoxx 50 futures up 0.61% and FTSE futures 0.41% higher.
Evergrande's own shares dropped 8.2% on Thursday and have plunged more than 80% this year.
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.82%, extending earlier losses after the release of the Chinese data
Japanese shares have been on a tear as hopes for fresh stimulus from a new Prime Minister saw the Nikkei surge 4.3% last week
Top Nifty gainers included Kotak Mahindra Bank, Powergrid, Grasim and BPCL, among others