{
  "id": 4538311,
  "title": "Shares skid in Asia as oil, yields stay high",
  "url": "https://urgent.news/2026/08/31/shares-skid-in-asia-as-oil-yields-stay-high-4538311",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T00:38:35.000Z",
  "source": {
    "name": "CNA - Business",
    "slug": "cna-business",
    "url": "https://www.channelnewsasia.com/business/shares-skid-in-asia-oil-yields-stay-high-6351026"
  },
  "original_language": "en",
  "account": "Asia's stock markets declined on Monday as tensions between the United States and Iran escalated, pushing oil prices higher, while bond yields remained high following the narrowing odds of a U.S. rate increase. Oil futures surged 1.4 percent to $89.38 per barrel after U.S. forces targeted two of Iran's launchers on its island of Larak last Sunday. Iran retaliated by attacking U.S. forces in Jordan, according to Fox News. This heightened risk to inflation kept bond markets on edge after Federal Reserve Chair Kevin Warsh noted on Friday that the central bank needed to address inflation. Markets increased the likelihood of a September rate hike to 57 percent, driving short-term Treasury yields higher and compressing the yield curve. JPMorgan's chief U.S. economist, Michael Feroli, stated that a hike was not anticipated until December, though the September meeting was considered a possibility. Warsh's remarks indicated a more willing chair to translate concerns about inflation into policy tightening. Key factors influencing the chance of an early hike include the outcome of Friday's August payrolls report and consumer price data due on September 11. Analysts forecast job growth of 58,000, following a shock drop of 23,000 in July, with unemployment expected to stay at 4.1 percent. A much weaker outcome could significantly reduce the risk of a September rate move. The inflation threat is expected to prompt New Zealand's central bank to raise rates for a second consecutive meeting on Wednesday, while the Bank of Canada remains on hold due to potential trade war impacts on the economy. Higher yields, coupled with geopolitical stress, pushed Japan's Nikkei down 2.1 percent, while South Korean stocks fell 2.4 percent. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.7 percent. Europe's EUROSTOXX 50 futures dropped 0.5 percent, and DAX futures eased 0.4 percent. On Wall Street, S&P 500 futures declined 0.3 percent, and Nasdaq futures fell 0.5 percent. The dollar regained above 160 yen, still below its July peak of 163.99. Two-year Treasury yields remained at 4.36 percent, up from a nearly 12 basis point increase on Friday. Thirty-year bond yields were more stable at 5.2080 percent, with investors finding some comfort in Warsh's emphasis on fighting inflation. The euro strengthened marginally to $1.1591, after slipping 0.6 percent on Friday following Warsh's speech. Upcoming EU inflation data is expected to reinforce expectations of another European Central Bank rate hike on September 10. In commodity markets, U.S. crude oil climbed 1.3 percent to $84.50 per barrel, while gold saw a slight recovery to $4,454 per ounce after sliding 3.2 percent on Friday amid rising yields.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "Shares skid in Asia as oil, yields stay high",
        "url": "https://urgent.news/2026/08/31/shares-skid-in-asia-as-oil-yields-stay-high-4537533",
        "published": "2026-08-31T00:38:35.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Shares skid in Asia as oil, yields stay high",
        "url": "https://urgent.news/2026/08/31/shares-skid-in-asia-as-oil-yields-stay-high",
        "published": "2026-08-31T00:42:27.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Shares skid in Asia as oil, yields stay high",
        "url": "https://urgent.news/2026/08/31/shares-skid-in-asia-as-oil-yields-stay-high-4536098",
        "published": "2026-08-31T00:47:15.000Z"
      }
    ]
  },
  "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."
}