Asian shares fall on bond yield pressure

Asian shares mostly declined and oil prices slipped on Monday, August 24, 2026, as investors remained cautious ahead of the Jackson Hole meeting of top U.S. economic officials later in the week. The Nikkei 225 fell 0.5%, the KOSPI dropped 3.5%, the Hang Seng Index declined 2.1%, and the Shanghai Stock Exchange Composite Index lost 0.7%, while Australia's S&P/ASX 200 bucked the trend with a 0.5% gain. U.S. futures edged lower. Bond market pressure persisted, with the 10-year Treasury yield rising to 4.73% on Friday, its highest in over a year, and the 30-year yield near its highest since 2007. The United States — United States Department of the Treasury had announced it would double its buybacks of longer-term bonds to lower yields, but the relief was temporary. Investors awaited the July PCE inflation report due Wednesday and a speech by United States — Federal Reserve Gov. Kevin Warsh at Jackson Hole. Oil prices fell slightly, with Brent crude at $93.10 and WTI at $85.63, amid ongoing uncertainty over the Iran war and its impact on Persian Gulf oil shipments. Bitcoin traded near $77,000, benefiting from hopes of lower rates and crypto legislation. The U.S. dollar weakened slightly against the yen, while the euro was unchanged.