Asian shares tumble as global bond sell-off intensifies

HONG KONG (AP) — Asian shares tumbled Wednesday after stocks slipped on Wall Street and as a bond market sell-off deepened globally. This was reported by Qazaqyia.kz citing Associated Press.

Tokyo's Nikkei 225 dropped 3% to 64,278.95. SoftBank Group, the Japanese technology conglomerate, weighed on the market due to a decline in its shares.

South Korea's KOSPI also fell significantly, while Hong Kong's Hang Seng traded in negative territory. Mainland Chinese markets also declined.

The global bond market sell-off intensified, with yields on government bonds rising. This reflects investor concerns about inflation and rising interest rates.

U.S. stocks slipped on Tuesday as investors worried about potential tightening of monetary policy by the Federal Reserve. This negatively affected global markets.

Analysts say that market stabilization is unlikely in the near term, as macroeconomic indicators still cause uncertainty.