Asian markets largely posted gains on Tuesday, recovering from Wall Street’s pullback as rising global bond yields and shifting interest-rate expectations shaped early trading sentiment across the region
Bangkok: Asian shares advanced on Tuesday even as rising global bond yields continued to pressure equity markets, following a mild retreat on Wall Street. US futures and oil prices were little changed in early trade.
Japan’s Nikkei 225 climbed 0.5% to 49,534.36, supported by financial stocks after Bank of Japan governor Kazuo Ueda signalled that an interest-rate increase may be considered later this month. Hong Kong’s Hang Seng added 0.7% to 26,209.07, while China’s Shanghai Composite slipped 0.3% to 3,902.78. Australia’s S&P/ASX 200 rose 0.2% to 8,582.80, and South Korea’s Kospi jumped 1.5% to 3,977.85 on strong gains in Samsung Electronics and SK Hynix. Taiwan’s Taiex gained 1%, while India’s Sensex edged 0.1% lower.
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Wall Street loses momentum
On Monday, the S&P 500 fell 0.5% to 6,812.63, ending a five-day rally. The Dow Jones Industrial Average dropped 0.9% to 47,289.33, and the Nasdaq composite slipped 0.4% to 23,275.92. Last week’s gains had been driven by expectations that the Federal Reserve could cut interest rates next week amid signs of softening in the US labour market.
A survey by the Institute for Supply Management showed manufacturers still facing pressure to manage headcount, with some citing tariff-related challenges.
Bond yields climb after BOJ signals shift
Long-term US Treasury yields rose, feeding into a broader global increase in bond yields. The move followed signals from the Bank of Japan, which suggested further monetary tightening could come sooner than expected. Japan’s benchmark rate has remained near zero for years, even as inflation stays above the BOJ’s 2% target.
Higher yields typically reduce investor appetite for equities and cryptocurrencies. Bitcoin, which traded near $125,000 in October, dropped towards $85,500—about 6% lower than the previous day—and hovered near $86,650 early Tuesday. Shares of Coinbase Global and Robinhood Markets also declined.
Corporate and sector moves
Synopsys surged 4.9% after announcing that Nvidia would invest $2 billion in its shares as part of an expanded partnership. Nvidia, one of the most influential stocks on Wall Street, recovered from early losses to close 1.6% higher.
US retail stocks showed mixed reactions despite expectations of strong Black Friday and Cyber Monday spending. Williams-Sonoma gained 1.3%, while Best Buy fell 2.6%.
European markets under pressure from Airbus
In Europe, France’s CAC 40 slipped 0.3%, weighed down by a 5.8% fall in Airbus shares. Airbus said most of its 6,000 A320 aircraft had received a software update after a weekend glitch that could have affected flight controls. The issue caused minor travel disruptions before the fix was issued.
Commodities and currencies
US benchmark crude inched up 2 cents to $59.34 per barrel, while Brent crude dipped 4 cents to $63.13. The US dollar strengthened to 155.61 yen from 155.41 yen. The euro rose slightly to $1.1612 from $1.1608.
(With AFP inputs)
Published: 02 Dec 2025, 11:22 am IST
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