A bird’s eye view of central Tokyo including Tokyo Tower at sunrise time.
Vladimir Zakharov | Moments | Getty Images
Asia-Pacific markets fell on Wednesday as investors weighed rising bond yields and renewed geopolitical tensions after US President Donald Trump said on Tuesday that he was “an hour away” from deciding to attack Iran but had been persuaded to postpone it for several days.
Yields on U.S. Treasuries rose as investors continued to dump bonds on fears of a resurgence in inflation. The 30-year Treasury yield fell nearly 1 basis point in recent trading to 5.174%. During trading, it briefly hit 5.197%, the highest level since July 2007.
Japanese Nikkei Stock Average fell 0.88%, and TOPIX fell 0.75%. South Korea’s Kospi fell 0.52%, and the small-cap Kosdaq fell 2.15%.
In Australia, S&P/ASX 200 It decreased by 0.5%.
hong kong Hang Seng Index Futures stood at 25,603, below the index’s last close of 25,797.85.
US stock futures rose slightly. S&P 500 futures rose 0.14% and Nasdaq 100 futures rose 0.25%. Futures, which track the Dow Jones Industrial Average, rose 55 points, or 0.11%.
Stocks closed lower on Wall Street overnight as the S&P 500 snapped its third straight loss as a spike in bond yields threatened the bull market.
The S&P 500 index closed 0.67% lower at 7,353.61, and the Nasdaq Composite Index closed 0.84% lower at 25,870.71. The Dow Jones Industrial Average fell 322.24 points, or 0.65%, to close at 49,363.88.
—CNBC’s Sean Conlon, Sarah Ming and Lisa Kai-Lai Hung contributed to this report
