Market Tensions: High Yields Challenge Global Equities
Asian markets dipped on Monday amid elevated U.S. Treasury yields, impacting Wall Street and the U.S. dollar at multi-month highs. Light trading volumes marked the pre-New Year period, with upcoming factory surveys in China and the U.S. ISM survey in focus. Political uncertainties also affected South Korean markets.

Asian markets experienced a slight downturn on Monday as U.S. Treasury yields soared, challenging Wall Street's equity valuations and strengthening the U.S. dollar.
With the New Year holiday ahead, trading volumes were subdued. Noteworthy in the week's limited data schedule are China's upcoming factory PMI figures and Friday's U.S. ISM survey.
Elsewhere, South Korean stocks continued to struggle amid political uncertainty, while Wall Street saw a sell-off despite notable year-to-date gains for key indices. The rising bond yields, President-elect Trump's fiscal policies, and steadiness of the dollar further added to the complexity of the market landscape.
(With inputs from agencies.)
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