Asian equities and currencies fell on Thursday, following US markets lower after a weak Treasury auction spurred a sell-off in bonds.
Japan’s benchmark Topix stock index led losses, declining 0.8 per cent, while the exporter-heavy Nikkei 225 fell 1.7 per cent.
The US dollar index rose 0.5 per cent against six other currencies as investors assessd the possibility of the Federal Reserve keeping interest rates higher for longer.
Most Asian currencies weakened against the dollar, with the Indonesian rupiah and South Korean won leading losses, falling 0.4 per cent and 0.3 per cent, respectively. The yen was steady in early trading at about ¥157.40.
