Asian markets swing after Yellen spooks Wall St, eyes on US jobs

Asian markets fluctuated Wednesday after Treasury Secretary Janet Yellen's suggestion that US interest rates might need to be hiked, as government spending measures fan inflation and the economy surges. "Yellen's comments did not specify a timeframe for rises and she clarified her comments by saying that she was not recommending FOMC rate hikes," said Kim Mundy, at the Commonwealth Bank of Australia.