While South Korean markets rose, in Japan, the Nikkei 225 is trading lower; however, it has managed a recovery from the opening lows. The TOPIX index in Tokyo has clawed back into positive territory after a bad start.
As for the Indian markets, in the early pre-market action, the Nifty futures are hinting at a negative start to the Nifty 50 index.
Previously, chip manufacturers recorded gains in US trading, fueled by reports of Anthropic’s impressive sales growth, which generated optimistic sentiment surrounding AI, despite a decline in the broader market.
Also Read: Brent crude oil prices cross $90 a barrel as US-Iran conflict prolongs
On Monday, the 10-year Treasury yield increased by three basis points to 4.72%, while Australian and New Zealand government bonds mirrored these movements in early trading on Tuesday. Yields on Japan’s 10-year bonds continued to rise after reaching multi-decade highs in the previous session.
Global benchmark Brent crude oil prices inched up to $91.15 per barrel after President Donald Trump expressed disinterest in prolonging the expiring agreement with Iran, amid renewed conflict in Lebanon.
Market focus has shifted to the bond sector following the rise of 30-year Treasury yields to their highest levels since 2007 during the US trading session. This surge reflects investor concerns regarding escalating government expenditure, a surge in long-term debt issuances, and persistent inflation that has remained above the Federal Reserve’s target for the last five years.
(Edited by : Juviraj Anchil)
