Losses in stock markets in Asia spread as rising bond yields and soaring volatility forced investors to unwind equity positions. Japan's Nikkei fell 0.6%, as uncertainty grew ahead of a central bank policy meeting next week. The rise in U.S. bond yields came even as expectations on the Federal Reserve's monetary policy outlook hardly changed. U.S. interest rate futures are pricing in only about a 10% chance of a rate hike at next week's policy review. While the rise in U.S. bond yields was in part due to heavy Treasury and corporate debt supply, it also reflected concerns about the limits of global central bank policy in reviving growth.

Source: The Edge Markets September 14, 2016 06:45 UTC