Global Markets Decline on Rising Bond Yields

Asian Shares Slip as Bond Yields Rise, Interest Rate Expectations Grow

Asian shares mostly slipped on Friday as bond yields in the US continued to rise, leading to expectations that high interest rates would persist. This comes as Japan’s inflation data shows that consumer prices rose 3.1% from a year earlier in July, down from 3.3% in June. Despite the decline, the figure is higher than the forecasted 2.5% by some analysts. The core CPI, which excludes energy and fresh food prices, rose 4.3% on year, according to the government Ministry of Internal Affairs and Communications. The article discusses the impact of rising yields and inflation data on the Asian stock market.