Asian equities fail to extend previous day’s run-up as US Treasury yields rise further towards the yearly top. Fears of a US hedge fund default, rise in Australia’s covid transmission and geopolitical fears weigh on the sentiment. Light calendar, month-end positioning and pre-NFP mood probe traders. Asian shares dwindle during early Tuesday as traders fear default of a major US hedge fund, Archegos Capital, as well as spillover while the US Treasury yields are already testing the equity bulls. Against this backdrop, MSCI’s index of Asia -Pacific shares outside Japan gains 0.64% whereas Japan’s Nikkei 225 struggles for a clear direction around 29,400 by the press time. Australia’s ASX 200 drops 0.30% amid increasing covid cases in Brisbane but New Zealand’s NZX 50 seems to cheer downbeat housing permits for March. Further, stocks in China and Hong Kong shrug off the West versus Beijing story while consolidating the latest losses. South Korea’s KOSPI also benefits from broad vaccine optimism, mainly taking clues from the US and the UK, while Indonesia’s IDX Composite drops on geopolitical and covid troubles at home. Moving on, India’s BSE Sensex begins the trading week on a positive side despite a jump in the coronavirus (COVID-19) figures in the key Indian states. US 10-year Treasury yield rises 2.3 basis points to 1.74% whereas S&P 500 Futures jostle between gains and losses amid mixed clues. Talking about major data, Japan’s upbeat Retail Sales and employment data for February couldn’t impress Tokyo traders amid chatters of US-Japan talks over Taiwan. Looking forward, the month-end, as well as the quarter-end, positioning could play their roles amid a light calendar and mostly old risk catalysts. Though, bond moves will be the key to follow ahead of Friday’s US NFP. Read: S&P 500 Futures reverses early Asia gains amid mixed clues, strong US Treasury yields FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Crude Oil Futures: Scope for extra recovery FX Street 1 year Asian equities fail to extend previous day's run-up as US Treasury yields rise further towards the yearly top. Fears of a US hedge fund default, rise in Australia's covid transmission and geopolitical fears weigh on the sentiment. Light calendar, month-end positioning and pre-NFP mood probe traders. Asian shares dwindle during early Tuesday as traders fear default of a major US hedge fund, Archegos Capital, as well as spillover while the US Treasury yields are already testing the equity bulls. Against this backdrop, MSCI's index of Asia -Pacific shares outside Japan gains 0.64% whereas Japan's Nikkei 225 struggles for a clear… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.