Asian stocks advanced on Tuesday, rebounding after U.S. markets pulled back from last week’s gains due to rising global bond yields. Most regional indexes traded higher, supported by strong performances in financial and technology shares.
Japan’s Nikkei 225 rose 0.5% after signals from the central bank suggested a possible interest rate hike. Hong Kong’s Hang Seng gained 0.7%, while South Korea’s Kospi jumped 1.5%, led by major tech names such as Samsung Electronics and SK Hynix. Taiwan also saw solid gains, though India’s Sensex edged slightly lower.
In the U.S., the S&P 500 and Nasdaq both slipped on Monday, breaking a five-day rally fueled by expectations of an upcoming Federal Reserve rate cut. Long-term Treasury yields climbed after comments from the Bank of Japan indicated potential tightening, contributing to pressure on equities and cryptocurrencies. Bitcoin dropped sharply from recent highs, and crypto-related stocks followed.
Oil prices remained largely steady, while currency markets saw the dollar strengthen slightly against the yen. With investors watching central bank decisions globally, markets continue to balance economic uncertainty, interest-rate speculation, and optimism over strong holiday consumer spending.