Profit-Taking Continues as Strong US Data Anchored Rate Hike Speculations

Risk-off mode is carried forward to Monday with major Asia Pacific indices and commodity prices slumping. Hong Kong's Hang Send index has fallen -1.78% in morning session while China's CSI 300 index was down -0.73%. Japan's Nikkei 225 index tumbled -2.26% while Australia's S&P/ASX 200 index declined -1.65%. Treasuries remained under pressure after yields soared to 4-year highs last Friday.

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Profit-Taking Continues as Strong US Data Anchored Rate Hike Speculations