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Asian Stocks Mixed as AI-Fueled Wall Street Rally Outweighs Bond Yield Worries
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CNBC TV18•06-10-2026, 07:14
Asian Stocks Mixed as AI-Fueled Wall Street Rally Outweighs Bond Yield Worries
- •Asian equities opened mixed on Tuesday following a technology-led surge on Wall Street that pushed the S&P 500 near a record high.
- •Japan's Nikkei 225 added 0.28 percent, Hong Kong futures rose 1 percent, and South Korea's Kospi slipped slightly after a market holiday.
- •Investors brushed aside rising bond yields, focusing instead on strong corporate earnings, resilient consumer spending, and artificial intelligence investments.
- •US Treasury yields climbed to multi-decade highs during the New York session, with the 10-year yield reaching 5.34 percent.
- •A new study warns that Asia's major economies face significant risks from a potential artificial intelligence bust due to their heavy involvement in global supply chains.
Key Questions Answered
Asian equities opened mixed on Tuesday, October 6, with Japan's Nikkei 225 adding 0.28% and the Topix gaining 0.47%, while South Korea's Kospi slipped 0.041% and MSCI's Asia Pacific Index rose 0.1% despite climbing bond yields.
US Treasury yields hit their highest levels since 2002, with the 10-year yield rising at least 7 basis points to 5.34% and the 30-year yield climbing by the same margin to reach 5.7%.
A report from the Asean+3 Macroeconomic Research Office warned that Asia's major economies are particularly exposed to a potential AI bust, which could negatively impact exports and trigger a disorderly correction across trade, capital flows, and financing costs.
