Asia stocks slip as high bond yields weigh on equities

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent. Australian shares added 0.6 percent, Hong Kong's Hang Seng rose 0.7 percent and Shanghai climbed 0.4 percent. South Korea's KOSPI lost 0.2 percent and Japan's Nikkei trimmed earlier gains and was last 0.05 percent higher.

TOKYO: Asia stocks eased on Wednesday, pulling further back from record highs, as the recent rise in global bond yields weighed on equities.

MSCI's broadest index of Asia-Pacific shares outside Japan added to the previous day's losses and dipped 0.1%, after reaching a record high on Monday.