SYDNEY: Asia shares fell on Friday as a strong dollar weighed on risk sentiment, while longer-dated Treasury yields are headed for their biggest weekly rise in a year on receding U.S. rate cut expectations for 2025.
Top policymakers in Beijing this week pledged to increase debt and lift consumption but failed to boost Chinese equity markets. Authorities are girding for more trade tensions with the U.S. as Donald Trump's return to power approaches.
