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Asian neighbors over conflicting claims to strings of islets in the South China Sea. Tensions have also flared with Japan over uninhabited islands in the East China Sea, even as the United States executes a strategic military pivot towards the Pacific.
U.S. stocks rose for a fourth straight session on Friday to close out the week at nearly five-year highs after the Federal Reserve took bold action to spur the economy, a move that could keep equities buoyed in the coming months.
U.S. Treasuries market stumbled on Friday with the 30-year bond suffering its worst week in over three years, as the Federal Reserve’s latest stimulus program raised inflation worries and spurred investors to dump bonds.