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Stocks Retreat In Asia Amid Rising Bond Yields

A currency trader watches monitors near the screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign ex

Shares in Asia retreated on Thursday following a decline in U.S. stocks due to higher yields in the bond market. The Dow Jones Industrial Average dropped over 400 points, leading to negative performances across major Asian markets.

In Tokyo, the Nikkei 225 benchmark fell by 1.3% to 38,054.13, while the Hang Seng in Hong Kong declined by 1.4% to 18,217.83. The Shanghai Composite index also experienced losses, dropping 0.6% to 3,091.68.

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