August 21, 2026 8:45 AM
Asia shares downbeat on the week as bond yields, oil stay high
Most Asian share indices were heading for weekly falls on Friday as stress in global bond markets showed little sign of abating, while a diplomatic deadlock in the Gulf lifted oil prices to one-month highs and kept inflation risks to the fore. Yields on U.S. Treasuries had resumed their climb after Wednesday's surprise intervention by Treasury brought barely a day of relief from selling. The rise came even as U.S. Treasury Secretary Scott Bessent said he could further increase the gove...


