Asian shares follow Wall Street advance as inflation panic eases

WASHINGTON (Reuters) – Asian stocks were set to track Wall Street gains on Tuesday as bond yields pulled back, easing concerns about inflation although investors are keeping a close eye on rising COVID-19 cases in Europe. Hong Kong’s Hang Seng index futures rose 0.5%, while Australian stocks were up 0.3%. In Japan, Nikkei futures were 0.8% higher. E-mini futures for the S&P 500 gained 0.06%. Global equities gained and safe-haven assets rallied on Monday as investors balanced concerns over rising COVID-19 cases in Europe against a break in the recent run-up of bond yields. Shares earlier took a…

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HEDGE accordingly