Emerging Markets - Asian shares rise on bets of rates peaking; Powell speech on tap

People stand in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Thursday, Nov. 9, 2023, in Tokyo. Shares have fallen in Asia after a another mixed close as Wall Street recalibrates following recent big swings. - AP

MANILA (Reuters): Equity markets in South Korea and Singapore led modest gains in emerging Asia on Thursday, with regional currencies mostly unchanged against a steady greenback as strength in US Treasuries signalled expectations around peaking interest rates.

Investors were keeping a keen eye on the downward trend in Treasury yields, with the yield on benchmark 10-year notes reaching 4.4922%, down 3.1 basis points (bps).