Asia-Pacific Shares Open Mixed as Oil, Yield Rises Curb Risk Appetite
Asian equities started the session on a mixed footing after a subdued Wall Street session, with climbing oil prices and bond yields weighing on sentiment amid geopolitical uncertainty. Japan's market holiday kept regional trading volumes thin.
Equities in the Asia-Pacific region began the day mixed, mirroring a tepid performance on Wall Street. Rising crude oil prices and higher government bond yields continued to limit risk-taking, as investors weighed the impact of elevated geopolitical tensions.
Japan’s stock market was closed for a public holiday, which contributed to lighter overnight trading activity across the region. The thin liquidity left markets more vulnerable to shifting headlines.
Oil’s advance added to concerns over inflationary pressures, while the uptick in yields reduced the appeal of equities relative to fixed income. The combination kept broader market gains in check.
Source: First Squawk