Asian and Global Shares Mostly Rise Despite US Market Fluctuation Amid Treasury Bond Yield Shifts

Global markets respond to 10-year US Treasury yield briefly hitting highest level since 2007, as falling oil prices relieve inflation pressure and tech shares benefit from lower yields.

Asian and global shares rose amidst a fluctuation in the US market due to shifts in Treasury bond yields, with benchmarks rising in Tokyo, Sydney, Seoul, Shanghai and Taiwan, but falling in Hong Kong.
The 10-year US Treasury yield hit its highest level since 2007 at 5.02%, pressuring stock prices, before easing back to 4.84% as falling oil prices relieved inflation pressure.
Technology and high-growth stocks benefited from the lower yields, helping to limit market losses with Nvidia and Microsoft reporting substantial rises.
Oil prices have become a wild card for inflation, bouncing in recent weeks due to concerns over potential supply disruptions from the ongoing Hamas-Israel conflict.
Despite concern over Treasury yields and the conflict in Gaza, the resilience of the US economy and strong corporate profits have offset market pressures.