The domestic stock markets were closed for a holiday today. But elsewhere in Asia, Japan's Nikkei 225 index surged 1.7 percent on a weakening yen. The Nikkei index got an added fillip from data showing Japan's economy grew at an annualized rate of 2.2 percent in the third quarter, beating forecasts. China's Shanghai Composite index gained 0.4 percent. But Singapore's Straits Times index fell one percent; Hong Kong's Hang Seng index slumped 1.4 percent; and South Korea's Kospi dropped 0.5 percent. In Europe, the UK's FTSE-100 had gained 0.9 percent, France's CAC-40 had jumped 1.1 percent, and Germany's DAX had added 0.8 percent in intra-day trade. In the overseas currency markets, the U.S. dollar hit an 11-month peak, as the risk of faster domestic inflation and wider budget deficits if Donald Trump goes on a U.S. spending binge sent Treasury and other benchmark global bond yields ever higher. In many emerging markets, currencies from the Mexican peso to the Malaysian ringgit fell to new lows.Yields on the U.S. 10-year Treasury notes climbed to their highest since January on Monday. Just two days of selling last week wiped out more than one trillion dollars across global bond markets, the worst rout in nearly a year and a half, according to Bank of America Merrill Lynch. The jump in yields on safe-haven U.S. debt threatened to suck funds out of emerging markets, while the risk of a trade war between the United States and China is also causing jitters.