(Reuters) - Asian stock markets tracked a drop in U.S. and European shares and took some of the shine off risky positions such as carry trades, in which purchases of higher-yielding assets are funded with the low-yielding Japanese currency.
While U.S. long-term interest rates have been on the uptrend, Wednesday's data showing higher-than-expected U.S. labor costs stoked worries about inflation and interest rates, causing a drop in U.S. stocks.
Read more at Reuters.com Hot Stocks News
While U.S. long-term interest rates have been on the uptrend, Wednesday's data showing higher-than-expected U.S. labor costs stoked worries about inflation and interest rates, causing a drop in U.S. stocks.
Read more at Reuters.com Hot Stocks News
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