Higher bond yields weigh on Asian shares as Wall Street falters

Asian Shares Slip as Bond Yields Rise, U.S. Interest Rates Expected to Continue

Asian shares slipped on Friday as rising bond yields in the U.S. fueled expectations that high interest rates would continue to prevail in the country. This caused concerns among investors, as higher interest rates can impact various sectors, including the stock market. The rise in bond yields has prompted a reassessment of stock valuations, leading to a retreat in stock prices across different markets. August is set to be the worst month of the year for the S&P 500, with the index sinking by 0.8% to 4,370.36.