doubledoublebonuspokerpayouts| Expectations for interest rate cuts "collapsed" again "in the Asia-Pacific" stocks and bonds "three kills

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On Friday, Asia-Pacific stocks and bonds collectively suffered a setbackdoubledoublebonuspokerpayouts, Japan and South Korea stock indexes fell more than 1%. Overnight, the U.S. manufacturing PMI data for May was strong, coupled with the Federal Reserve's hawkish statement this week, and expectations for interest rate cuts continued to cool down.

After U.S. stocks collectively closed down overnight, Asia-Pacific stocks also followed U.S. stocks lower in early trading on Friday. Last night, the United States released strong manufacturing PMI data for May. Coupled with the minutes of the Federal Reserve's May meeting released this week, policymakers unanimously hope to maintain higher interest rates for a longer period of time, continuing to pour cold water on market interest rate cuts expectations.

The Nikkei 225 index fell more than 1%, South Korea's Composite Index fell 1%, and Australia's S & P 200 index fell 1%. The Philippine stock index fell 1% to 6,591doubledoublebonuspokerpayouts.44 points.

In terms of Japanese stocks, Keens fell more than 2%, while Sony and Honda fell more than 1%;

In terms of South Korean stocks, Samsung Electronics fell nearly 2%, while LG New Energy, Kia Motors and Posco fell more than 1%.

Asia-Pacific currencies fell collectively in early trading on Friday due to the strengthening of the US dollar.

The yen fluctuated and fell, with USD/JPY at 157doubledoublebonuspokerpayouts.12, the Korean won/US dollar fell 0.6% to 1,370.05, while other Asian currencies also mostly fell. The US dollar/Thai baht rose 0.4% to 36.662, and the US dollar/Malaysian ringgit rose 0.3% to 4.7170.

Vishnu Varathan, Asia head of economics and strategy at Mizuho Bank, pointed out that investors have become accustomed to market concerns that the Fed may maintain higher interest rates for a longer period of time.doubledoublebonuspokerpayoutsThe model of "good economic data may mean poor market performance" is introduced. High U.S. interest rates and a stronger U.S. dollar appear to be putting pressure on emerging Asian stocks and foreign currencies.

Japan's 10-year bond yield rose slightly in early trading and is currently trading at 0.992%, down 0.8 BP. Japan's core inflation rate slowed for the second consecutive month as investors continue to weigh the Bank of Japan's ability to raise interest rates further this year. Yields on 10-year Japanese government bonds briefly exceeded 1% this week as markets were almost fully expected the Bank of Japan to raise interest rates by 10 basis points at its July meeting.

South Korea's 10-year government bond yield was 3.508%, up 3.5 BP.