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Asian shares track Wall St decline as bond yields rebound

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Asian shares fell Thursday, tracking a decline on Wall Street as another rise in bond yields rattled investors who worry that higher inflation may prompt central banks to raise ultra-low interest rates.

Benchmarks were lower in most major markets and the dollar rose against the Japanese yen. Shares have yoyo'd recently with fluctuations in bond yields.

When yields rise quickly, as they have in recent weeks, it forces Wall Street to rethink the value of stocks. Technology stocks are most vulnerable to this reassessment after having soared during the pandemic, making them look pricier than the rest of the market.

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Deaths: 750 423
Recovered: 0
India
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Brazil
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Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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