Asian equity markets fell on Thursday after U.S. indexes broke a nine‑day winning streak, spurred by a modest pull‑back in oil prices and rising bond yields.. The slide was led by Japan’s Nikkei 225, which dropped 1.9%, and South Korea’s Kospi, down 1.7%, as investors locked in gains from earlier rallies.

Wall Street’s 0.7% dip ends S&P 500’s nine‑day surge

On Wednesday the S&P 500 slipped 0.7% to 7,553.68, marking its first decline in ten days, while the Dow fell 1.2% and the Nasdaq lost 0.9%, according to the report.. Palo Alto Networks, which posted earnings above expectations, fell 5.6% and pulled the broader market lower.

Japanese Nikkei 225 tumbles 1.9% as tech stocks retreat

Japan’s benchmark index shed 1.9% to 67,101.83,with SoftBank Group plunging 10.4% and Shin‑Etsu Chemical sliding 3.8%, as traders sold technology holdings to preserve earlier gains. The decline mirrors a broader regional trend where tech‑heavy equities are especially sensitive to U.S. market moves.

Oil price wobble after U.S.–Iran joint operation in Gulf of Oman

Brent crude fell $1.17 to $96.64 per barrel and U.S. crude dropped $1.08 to $94.94, a day after the United States and Iran announced a joint operation in the Gulf of Oman, according to the source. While oil remains below its wartime peaks, the brief dip contributed to higher Treasury yields,with the 10‑year rate climbing to 4.49%.

Rising yields pressure small‑cap U.S. stocks and mortgage rates

The 10‑year Treasury yield’s rise to 4.49% from 3.97% before the Middle‑East conflict has squeezed the Russell 2000 , which fell 1.3%, outpacing larger‑cap indices. Higher yields are also pushing U.S. mortgage rates to their highest level in over a year, a factor that could curb financing for smaller companies.

Who will stabilize oil markets? Uncertainty over U.S.–Iran talks

Analysts note that the market’s hope hinges on whether Washington and Tehran can reach an agreement to reopen oil flows , but no concrete timeline has emerged. The source reports that the euro rose modestly to $1.1610 while the yen slipped to 159.90 per dollar, reflecting broader currency volatility linked to oil‑related risk .