Markets cautious as bonds decline

Asian stock and bond markets declined on Wednesday with cautiousness as the third quarter of the year began, amid concerns over the yen falling to its lowest level in 40 years and tensions in US-Iran talks regarding the Strait of Hormuz opening. US Treasury yields rose, increasing the likelihood of interest rate hikes, while investors awaited US employment data and Fed Chair Jerome Powell's stance on monetary policy. Meanwhile, technology stocks supported the markets despite the risks associated with raising interest rates.

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