Stock market today: Asian shares mostly rise after US stocks wobble as Treasury bond yields veer

A person walks in front of an electronic stock board showing Japan's Nikkei 225 index at a securities firm Tuesday, Oct. 24, 2023, in Tokyo. Shares were mixed Tuesday in Asia after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after creeping above 5%. – Shares mostly rose Tuesday in Asia after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after creeping above 5%.

Japan's benchmark Nikkei 225 added 0.2% in afternoon trading to 31,062.35. Sydney's S&P/ASX 200 rose 0.2% to 6,856.90. South Korea's Kospi jumped 1.1% to 2,383.51. On Monday, the S&P 500 slipped 0.2% to 4,217.04 and the Dow Jones Industrial Average dropped 0.6%, to 32,836.41. Treasury yields help dictate how much investors pay for everything from stocks to corporate bonds to cryptocurrencies. Higher yields also make it more expensive for nearly everyone to borrow money, which puts the brakes on economic growth and adds stress to the entire financial system.Federal Reserve has hiked furiouslyOne wild card for inflation has been the price of oil, which has bounced in recent weeks amid worries potential disruptions to supplies due to the latestA barrel of benchmark U.S.

It’s the second huge deal in the oil-and-gas industry in as many weeks. Exxon Mobil said earlier this month that it’s buyingApple rose 0.1% after recovering earlier losses, following reports that, its Taiwan-based supplier, was recently subjected to searches by Chinese tax authorities.

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