Market Volatility: Asian Stocks Dip on Weak PMIs, China Rebounds as State Steps In

Asian markets may experience relief from the recent U.S. bond selling frenzy as Treasury yields briefly tumbled on Monday. However, doubts remain about the sustainability of this calm. Key economic data releases in the region include South Korean producer price inflation, flash purchasing managers index data from Japan and Australia, and a speech from the Reserve Bank of Australia governor. The ebb and flow of the U.S. Treasuries market continues to dominate the big picture, while late downward drifts on Wall Street and substantial capital outflows from China pose challenges for Asian and emerging market equities.