A man wearing a protective mask walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Monday, March 22, 2021, in Tokyo. Asian shares were mixed Monday as sentiment was shaken by the US Federal Reserve's announcement that it would end some emergency measures put in place last year to help the financial industry deal with the pandemic.
The sharp rise in US Treasury yields –– which go in the opposite direction to prices –– is being caused by investors selling the bonds owing to expectations the strong recovery and vast government spending will fire inflation.
"Clearly, the market is sceptical that the Fed will be able to keep interest rates at current levels for the next three years," Diana Mousina, at AMP Capital Investors, said. Renesas warned the fire could shut the plant for a month, putting a strain on an already stretched chip market, which has caused a headache for auto firms as well as tech giants.
What about Turkish stocks? No word about them
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