Asian stocks fall as yield pressures and hawkish central banks weigh
Asian stocks fell, tracking Wall Street losses driven by semiconductor sell-offs and elevated bond yields. Key indices dropped: South Korea's KOSPI >4%, Japan's Nikkei ~3%, China's Shanghai Composite ~2.1%, India's SENSEX ~0.4%, and Australia's ASX ~0.3%. Hong Kong rose slightly despite Baidu's 14.4% plunge. Investors await Fed minutes and Jackson Hole remarks. Commodities saw crude oil near $86 and gold around $4,350.
