Asian shares track Wall Street higher, Treasury yields near multi-decade highs
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Asian equity markets posted solid gains, tracking overnight advances on Wall Street driven by resilient corporate earnings and shifting labor market data. Meanwhile, U.S. Treasury yields remained near multi-decade highs, reflecting persistent inflation pressures and evolving Federal Reserve rate expectations. Regional indices across Japan, South Korea, and Hong Kong showed positive momentum despite the broader challenges posed by elevated global borrowing costs and energy price volatility. Investors continue to balance strong equity performance against the tightening financial conditions signaled by bond market selloffs.