Asian markets experienced a mixed performance on Monday, with stocks mostly retreating and oil prices rising in response to U.S. President Donald Trump's warning to Iran. The Japanese Nikkei 225 and South Korean Kospi experienced declines, while the yield on the 10-year Japanese government bond surged to its highest level since the late 1990s.
Asian stocks mostly retreated and oil prices jumped on Monday after U.S. President Donald Trump warned Tehran that the "clock is ticking" as U.S.-Iran negotiations over a permanent end to the conflict continued.
Markets in Japan and South Korea pulled further back from their records. Tokyo's Nikkei 225 fell 0.9% to 60,843.09, a decline led by technology-related stocks, after it reached all-time intraday high levels last week above 63,000. The yield on the 10-year Japanese government bond surged to 2.8%, its highest level since the late 1990s, part of a shift toward higher yields as the Bank of Japan gradually raises interest rates and higher energy costs raise expectations of rising inflation.
That's up from around 2.55% just one week ago. Seoul's Kospi jumped 0.9% to 7,558.50 after trading lower earlier in the day
Asian Stocks U.S.-Iran Negotiations Oil Prices Japanese Nikkei 225 South Korean Kospi U.S. President Donald Trump Iran Tensions Shift Toward Higher Yields Bank Of Japan Higher Energy Costs Rising Inflation
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