Asian stocks mostly fall after Wall Street losses and oil prices rise

Asian shares experienced a general decline on Tuesday, trailing the losses on Wall Street. Simultaneously, U.S. Treasury yields temporarily halted their increase, having reached levels not seen since nearly two decades ago. The first annual payment, billed at $205.00 plus GST for a year, would see automatic renewal at $233.00 plus GST every 52 weeks, offering a 10% discount off the regular annual price of $259.35. This arrangement is available to both new and returning subscribers, with the option to cancel at any time.

U.S. futures exhibited a slight decline, while oil prices surged due to lingering doubts about the outcomes of U.S.-Iran talks and the possible reopening of the Strait of Hormuz, a vital oil transportation route. On Monday, the S&P 500 experienced a 0.8% drop, the Dow Jones Industrial Average fell 0.7%, and the Nasdaq composite declined 0.9%. Investors have been wary of the rising yields on U.S. Treasuries, seeking higher returns amid escalating concerns over inflation and growing U.S. government debt.

The 10-year U.S. Treasury yield reached its highest level since 2007, hovering around 5.25% early Tuesday, up from 5.27% the previous day. This was in contrast to around 5.17% on last Friday. As oil prices continued to escalate, contributing to inflation concerns, they rose early Tuesday. Despite ongoing efforts by mediators to negotiate a deal between the U.S. and Iran, the Strait of Hormuz remained closed.

President Donald Trump had previously turned down an offer from Tehran to reopen the Strait, despite the deal's potential benefits.

Notably, Japan's Nikkei 225 index fell by 1.2% to 65,114.64, while South Korea's Kospi index dropped by 0.6% to 6,847.56. Hong Kong's Hang Seng index experienced a 0.5% decline, settling at 24,516.46. Additionally, Shein, a Hong Kong-traded retail company, saw its shares plummet by 11.7% following a report indicating that its adjusted net profit for the latest quarter decreased by 67% compared to the previous year.

The Shanghai Composite index remained slightly positive, up 0.1% to 3,826.51, following a state council discussion on enhancing the effectiveness of macroeconomic policies to stimulate economic growth. Australia's S&P/ASX 200 index edged up by 0.1% to 8,686.20, while Taiwan's Taiex index declined by 0.6%, and India's Sensex index fell by 0.7%.

The U.S. dollar strengthened to 157.42 Japanese yen from 157.39 yen, and the euro was trading at $1.1362, down from $1.1371.