Asian shares fall as US Treasury yields hit one-year high
Asian markets declined on Friday as rising US Treasury yields and inflation fears dampened risk. Oil prices rose amid supply concerns in the Strait of Hormuz.
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Asian shares fell 2.3% on Friday as a spike in United States Treasury yields to one-year highs fueled global inflation fears. S&P 500 futures slipped 0.4% while Nasdaq futures fell 0.6%, signaling broad weakness ahead of the U.S. open. The sell-off erased earlier gains driven by a 4% surge in Nvidia, shifting investor focus toward rising interest rate bets.
