Global Market: Japan stocks slide as oil spike and rising bond yields weigh on sentiment
4 Articles
4 Articles
Global Market: Japan stocks slide as oil spike and rising bond yields weigh on sentiment
Japan’s Nikkei fell 1.1%, ending its five-session rally as Middle East tensions disrupted oil supplies and revived inflation concerns. Rising crude prices and bond yields pressured equities, while shipping stocks gained on expectations of higher freight rates. Technology shares were mixed as investors assessed geopolitical risks, valuations and corporate earnings prospects.
Global markets are trending negatively due to rising geopolitical tensions in the Middle East, increasing oil prices, and rising bond yields. The US-Iran tension is suppressing risk appetite, leading to sell-offs in stock markets and increased demand for safe-haven assets.
Rising oil prices are pushing up global bond yields, and with no prospect of an end to hostilities in the Middle East, it is hitting stocks across Asian stock exchanges.
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