Asian shares track Wall Street higher, Treasury yields near multi-decade highs

Business Recorder reported that Asian stocks advanced on Tuesday as a technology-led rally pushed the Nasdaq to a record close. Brent held near $100 a barrel with little movement after a 1.9% overnight decline, as Middle East exports rose and G7 nations pledged more supply. MSCI's broadest Asia-Pacific index excluding Japan gained 0.2%, while Japan's Nikkei added 0.7%.

Long-dated US Treasury yields stayed near multi-decade highs as the 10-year yield traded at 5.3089% in Asia, after touching 5.3493%, its highest since 2002. The 30-year yield held at 5.6622%, having briefly reached 5.7029% overnight. Markets cut their bets on a Federal Reserve rate hike this month to 23% from 71% a week earlier, after policymakers called for more data.

The euro stayed close to its weakest level since May 2025 at $1.1215, having dipped to $1.116 overnight, as French fiscal worries and a snap election called in Spain weighed on it. Nvidia rose 2.1% to a record close, lifting its market value to $5.76 trillion. Spot gold hovered at $4,141.31 an ounce, while the dollar index stood at 102.2 after a weekly rise of 0.9%.