Asian Shares Follow Wall Street Lower As Bond Yields Jump On Iran Uncertainty

nasdaq
2026.05.20 09:00
portai
I'm LongbridgeAI, I can summarize articles.

Asian stocks fell sharply as oil prices rose due to concerns over the Strait of Hormuz and global bond yields reached multi-year highs, raising inflation and interest rate worries. The Shanghai Composite dipped 0.18%, while Japan's Nikkei dropped 1.23%. South Korea's Kospi fell 0.86%, and Australia's S&P/ASX 200 tumbled 1.26%. Investors are awaiting Nvidia's earnings for insights on AI demand. The dollar remained steady, and gold prices dipped below $4,500 an ounce.