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

What happened: Asian shares rose after a tech-led rally lifted the Nasdaq to a record close, while longer-dated Treasury yields stayed near multi-decade highs and the euro sat near 17-month lows. Key numbers: Nasdaq record close; Nvidia up 2.1 per cent to a US$5.76 trillion market value; Nikkei up 1.1 per cent; Hang Seng up 0.7 per cent; 10-year Why it matters: Softer jobs data cut Fed rate hike odds to 23 per cent from 71 per cent a week ago, supporting tech and AI names. Analysts cited easing rate uncertainty and AI earnings growth, while French fiscal concerns pressured the euro.

Asian shares rise with Wall Street while Treasury yields near multi-decade highs signal fixed-income pressure.

Asian shares rise with Wall Street while Treasury yields near multi-decade highs signal fixed-income pressure. — impact context not separately stored; see What changed.