{
  "id": 10592733,
  "title": "Asian stocks wobble as bonds slump to monthly loss",
  "url": "https://urgent.news/2026/09/29/asian-stocks-wobble-as-bonds-slump-to-monthly-loss-10592733",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T02:43:06.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today-freemalays",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/09/29/asian-stocks-wobble-as-bonds-slump-to-monthly-loss"
  },
  "original_language": "en",
  "account": "Asian stock markets experienced a wobble as bond yields in Japan, South Korea, and Australia declined, leading to a monthly loss for regional equity markets. Oil prices and bond yields were higher, creating an uncomfortable situation for Asian equities. The benchmark 10-year US Treasury yield reached a 19-year high above 5.27%, marking a nearly 50 basis points increase through September. Meanwhile, the US 2-year yield surged over 57 basis points this month, nearing the 5% threshold. Higher interest rates put pressure on government, corporate, and household budgets. Despite Nvidia's $150 billion buyback plan, which lifted the stock price and supported the Nasdaq, most regional equity markets in Asia fell. Angus Hui, head of fixed income at Fullerton Fund Management, stated that we are approaching a new environment where interest expenses are increasing in several developed markets, stretching sovereign finances and potentially limiting recovery if the global economy slows down. Bond yields are unlikely to return to the historically low rates of the past. Brent crude futures climbed, reaching $106.60 a barrel. The tech sector in China faced challenges, with stocks falling after US plans to ban Chinese components from data centers. The blue chip CSI300 index reached a one-year low. The US AI giant Anthropic aimed for a $2 trillion valuation but planned to spend $518 billion on computing and infrastructure. Foreign exchange markets remained stable, with the dollar set for a monthly gain. The yen strengthened after Japan's top currency diplomat informed Reuters that traders should heed the signal from Tokyo and Washington's united concern regarding yen weakness. Meanwhile, the Australian dollar remained steady, with the Reserve Bank of Australia's rate hike fully priced and another hike anticipated by February.",
  "summary": "US Treasury yields hit multi-year highs as traders price three more Federal Reserve rate hikes by the middle of next year, driven by US growth and inflation.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "Asian stocks wobble as bonds slump to monthly loss",
        "url": "https://urgent.news/2026/09/29/asian-stocks-wobble-as-bonds-slump-to-monthly-loss",
        "published": "2026-09-29T02:43:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}