The ICC International Commerce Centre, and Hong Kong’s brand new museum of visual culture, Victoria harbor, Hong Kong, China.
Ucg | Universal Images Group | Getty Images
Asia-Pacific markets largely rose even as yields of U.S. 10-year Treasury bonds hit levels not seen in over a decade.
The benchmark 10-year Treasury note yield hit a high of 4.34%, reaching its highest level since November 2007. This is notable as higher bond yields generally mean lower stock prices.
Japan’s Nikkei 225 climbed 0.81%, while the Topix rose 0.71%. Overnight, SoftBank Group’s chip unit Arm filed for a Nasdaq listing that is expected to be the largest of the year.
South Korea’s Kospi also gained 0.7%, and the Kosdaq was 0.73% up.
However, the Australian S&P/ASX 200 extended losses from Monday and slid marginally.
Hong Kong’s Hang Seng index rebounded from a seven-day losing streak and gained 0.86%, while on mainland China, the CSI 300 was up 0.64%.
On Monday in the U.S., all three major indexes ended mixed, with the tech-heavy Nasdaq Composite snapping a four day losing streak and gaining 1.6%, while the S&P 500 gained 0.69% and the Dow Jones Industrial Average fell 0.11%.
— CNBC’s Sarah Min and Pia Singh contributed to this report.