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The Independent UK
The Independent UK
National
Yuri Kageyama

Stock market today: Asian shares mostly decline after Wall Street drops on higher bond yields

Copyright 2023 The Associated Press. All rights reserved.

Asian shares mostly slipped Friday as rising yields in the bond market on Wall Street set off expectations that high interest rates would continue in the U.S.

Japan’s inflation data showed consumer prices rose 3.1% from a year earlier in July, down from 3.3% in June. But that was still higher than the 2.5% forecast by some analysts and above the Bank of Japan's target at 2%.

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