Asian Markets Extend Losses With Wall St As Rate Hopes Dim

Investors are awaiting the release of the Federal Reserve's preferred gauge of inflation, which is due Friday (Credit: AFP)

Asian markets fell Thursday, with traders tracking losses on Wall Street fuelled by concerns over rising Treasury yields and fading hopes for US interest rate cuts.

The losses in equities extended a more than week-long sell-off that came on the back of forecast-beating data and warnings from Federal Reserve officials that they were in no rush to lower borrowing costs.