South Korea Financial Markets

Currency traders watch monitors near a screen showing the Korea Composite Stock Price Index (KOSPI), right, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, May 20, 2026.

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Asian shares track Wall Street's retreat as bond markets crank up the pressure

Asian shares track Wall Street's retreat as bond markets crank up the pressure

Asian shares are mostly lower after the U.S. stock market gave back more of its record-setting rally. Tech stocks have been faltering as higher yields in bond markets crank up the pressure on various other investments. U.S. futures were little changed after the S&P 500 fell 0.7% Tuesday for its third straight loss since setting its latest all-time high. The Dow Jones Industrial Average dropped 0.6%, and the Nasdaq composite sank 0.8%. The declines followed mixed moves for stock markets abroad, while oil prices eased in their latest yo-yo move. Bond yields have been climbing as the war with Iran raises worries over prolonged higher inflation.