Global markets fall as bond yields rise

Asian Shares Slip as Rising Bond Yields Spark Concerns

Asian shares mostly slipped on Friday as rising yields in the bond market on Wall Street set off expectations that high interest rates would continue in the U.S. The losses were widespread, with some of the hardest hit being high-growth stocks that are seen as vulnerable to higher interest rates. This decline in stock prices is due to investors being less inclined to pay high prices for investments that are not as steady as bonds. Higher yields also mean borrowers have to pay more to get cash, which can crimp corporate profits and cause unforeseen disruptions in the system.