Asian markets tumble as US-Iran fighting lifts oil and bond yields - Yahoo Finance
Global markets are reacting to escalating tensions between the U.S. and Iran, which have driven up oil prices and influenced currency fluctuations. While stocks saw a partial rebound, investors remain cautious regarding the impact of geopolitical conflict on energy supplies and interest rates.
Why it matters
Geopolitical instability in the Middle East directly impacts global energy costs and investor sentiment, influencing broader economic stability.
Stocks climb and US yields ease; yen jumps against dollar By Caroline Valetkevitch Wed, September 2, 2026 at 6:01 PM EDT 3 min read JPY=X -1.60% DX-Y.NYB -0.47% By Caroline Valetkevitch
NEW YORK, Sept 2 (Reuters) - Stock indexes mostly rose on Wednesday after three days of declines as investors watched for new developments in the U.S.-Iran conflict, while the Japanese yen rose sharply against the U.S. dollar.
It was not immediately clear what prompted the yen move. The currency had retraced over the last month about half of the gains made after a rare joint intervention by the U.S. and Japan at the end of July. The yen was last up 0.79% at 158.92 per dollar.
U.S. Treasury yields eased from multi-year highs. The rise in borrowing costs across major economies had deepened concerns about tighter monetary policy and deteriorating fiscal conditions.
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