A global bond selloff accelerated in Asia on Thursday, pushing Japanese benchmark yields to the highest in more than a decade after heavy selling in German bunds spread across fixed income markets. Asian stocks were buoyed by a delay to some US tariffs on Mexico and Canada.
Stocks sank due to tariff uncertainty, reversing a temporary rally caused by President Trump's delay of Mexican tariffs. A decline in technology shares, particularly Nvidia, further dragged down the market. Canadians' wealth reached a new high of $17.5 trillion, but trade concerns remain.
