Asian Stocks Plunge Amid US Treasury Yield Volatility

[Asia Economy Reporter Yujin Cho] On the 26th, Asian stock markets plunged simultaneously as financial market instability caused by the rise in U.S. Treasury yields led to a sell-off.

On the 26th, Japan's Nikkei 225 index closed at 28,966.01, down 3.99% (1,202.26 points) from the previous session. The TOPIX index also ended the day at 1,864.49, down 3.21% (61.74 points).

The Nikkei 225 index fell below 29,000 yen at the close for the first time since the 5th. The daily decline was the largest for both indices since April of last year.

In the Korean stock market, the KOSPI closed at 3,012.95, down 86.74 points (2.80%) from the previous day, nearly a 3% plunge.

The index opened at 3,089.49, down 10.20 points (0.33%) from the previous session, and widened its losses during the day. The KOSDAQ index closed at 913.94, down 22.27 points (2.38%) from the previous day.

As of 2:51 PM that day, China's stock markets also showed declines, with the Shanghai Composite Index down 2.11% (75.66 points) at 3,509.38, and the Shenzhen Composite Index down 2.12% (311.23 points) at 14,517.12. Hong Kong's Hang Seng Index (3.11%) also showed a decline in the 3% range.

The sharp rise in U.S. Treasury yields heightened inflation anxiety, fueling the sell-off. The U.S. 10-year Treasury yield surged by 20 basis points (1bp = 0.01%p) during the session, rising above 1.6%.

This content was produced with the assistance of AI translation services.