Rising bond yields weigh on global markets, stocks show resilience

In Asia, too, rising bond yields are causing prices to fall. A lack of prospects for a solution to the war in Iran also weighed on investor sentiment on Wednesday.

Tokyo Stock Exchange: Investors are keeping an eye on the bond market. Photo: dpa

Rising bond yields and inflation concerns weighed on global bond markets on Wednesday, while equity markets were largely resilient. The background is concerns about government finances, a high supply of new issues and rising inflation, fueled by high energy costs as a result of the war between the USA, Israel and Iran.

Ten-year U.S. Treasury yields remained near a 17-year high. The stock markets, on the other hand, benefited from good corporate profits and continued optimism surrounding the topic of artificial intelligence (AI).

The stock markets in Asia rose: the Japanese Nikkei index rose by 1.3 percent to 66,318 points. The broader Topix rose by 0.8 percent to 4076 points. The Shanghai stock exchange gained 0.3 percent.

More: Wall Street closes slightly in the red after AI meeting

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