Brief
Asian markets slide as US Treasury yields hit multi‑decade highs and oil spikes
Japan, South Korea, Hong Kong and China saw modest declines as US bond yields rose to around 5.3% and oil prices surged.
By Felo News Desk · Published
Asian stock indexes fell on Thursday while oil prices rose, according to the Independent. The move came after US Treasury yields climbed to near a multi‑decade high and Wall Street retreated from record levels.
What happened
Japan's Nikkei 225 dropped 0.9% to 69,438.77, South Korea's Kospi fell 0.8% to 6,750.25, Hong Kong's Hang Seng slipped 0.2% to 24,072.98 and the Shanghai Composite edged down 0.1% to 3,840.03. Australia's S&P/ASX 200 lost 0.6% to 8,677.20 and Taiwan's Taiex fell 0.7%.
What the reports add
The Independent noted that the 10‑year US Treasury yield hovered around 5.31% after briefly reaching 5.36%, its highest level since 2002. Brent crude rose 2.2% to $102.43 a barrel and US WTI crude climbed 1.9% to $89.96.
What was said
AP Business Writer Stan Choe contributed to the report, highlighting that higher yields increase borrowing costs for companies and consumers, while the Iran‑US conflict continues to fuel oil‑price uncertainty.
How it came about
Yield pressure follows minutes from the Federal Reserve showing most officials expect another rate hike this year, and oil‑price pressure stems from the ongoing war between the United States and Iran.
Key facts
- Japan's Nikkei 225 fell 0.9% to 69,438.77 (independent.co.uk)
- The US 10‑year Treasury yield was around 5.31%, near a 2002 high (independent.co.uk)
- Brent crude rose to $102.43 per barrel (independent.co.uk)
- Hong Kong's Hang Seng index slipped 0.2% to 24,072.98 (independent.co.uk)
- Wall Street's S&P 500 dropped 0.2% after hitting an all‑time high (independent.co.uk)
Sources
- [1] independent.co.uk — originally reported as “Asian shares decline under pressure from rising bond yields and surging oil prices”
