Asia Stocks Mixed as Oil Volatility, 5% US Treasury Yield Rattle Global Markets

Asian equity markets traded mixed on September 24, 2026, as investors weighed volatile oil prices and a deepening global bond sell-off. Japan's Nikkei 225 rose 1.3% to 65,883.41, lifted by AI-linked chipmakers, while Australia's S&P/ASX 200 fell 0.7% to 8,700.50. Hong Kong's Hang Seng lost 0.5% to 24,715.95 and the Shanghai Composite slipped 0.8% to 3,902.33. South Korean markets were closed for the Chuseok holiday. Brent crude dropped 0.83% to $102.22 a barrel, still far above the roughly $72 level before the Iran war began, as concerns mount that the conflict will keep Middle East supply constrained. US benchmark crude fell 0.82% to $91.40. Wall Street sold off overnight after the 10-year Treasury yield jumped to 5.10% from 4.96%, briefly nearing 5.14%—a 2007 high—following strong US economic data and persistent inflation. The S&P 500 fell 0.8% to 7,706.03, the Dow dropped 352 points to 51,511.59, and the Nasdaq sank 1.1% to 26,936.04.