Asian stocks fall amid rising yields
Asian stock markets experienced widespread declines today, Tuesday, as bond yields and oil prices rose, exerting downward pressure on risk appetite. The Nikkei Japanese index fell by 1.3%, the Topix by 1.5%, and the KOSPI in Korea by 0.8%. The Shanghai Composite and CSI 300 both declined by 0.2%, while the Hang Seng Index in Hong Kong dropped by 0.8%. US 10-year bond yields rose above 5.27%, hitting their highest level in 19 years, amid expectations that the Federal Reserve will continue raising interest rates until mid-next year. Additionally, rising oil prices pushed Brent crude near $107 per barrel, amidst growing concerns over ongoing tensions between the United States and Iran. Technology stocks continued to slide due to a slowdown in artificial intelligence development, as OpenAI canceled the launch of the GPT-6.1 Astra model after it failed safety testing. Moreover, reports indicated that Anthropic registered revenues of approximately $4.6 billion in 2025, despite net losses of $42 billion, with plans to spend over $500 billion on cloud infrastructure. In Australia, the central bank raised interest rates to 4.6%, the highest in 15 years, to combat inflation fueled by conflicts in the Middle East. Expected economic data from the US suggest insights into the Federal Reserve’s upcoming monetary policy directions, with ongoing monitoring of global market fluctuations.
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