HONG KONG (Nikkei Markets) -- Asian stocks extended losses on Wednesday, as an overnight jump for U.S. Treasury yields fueled worries about a flight of capital from risk assets, while North Korea's withdrawal from planned talks with Seoul rattled nerves.
The Nikkei Asia300 Index fell 0.4% to 1,412.55. Stocks on Wall Street ended lower overnight after the yield on 10-year U.S. Treasury bonds climbed to 3.07%, a level not seen since 2011. The advance came after upbeat U.S. retail sales data strengthened expectations of more rate increases from the Federal Reserve.
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