Japan 20-year government bond yield fell 6 bps to 3.785%; 2-year yield declined 2 bps to 1.665%.

South Korean shares led declines in Asian chip names on Wednesday morning as rising bond yields intensified concern over heavy tech-sector capital spending. The KOSPI tumbled as much as 6.8% intraday and an Asian semiconductor index fell over 2%, mirroring selloffs in US semiconductor and other AI-related stocks. Bond yields stayed elevated on worries about inflation and rising government debt, raising the risk that borrowing costs could climb further; uncertainty from the ongoing Iran conflict added to caution. The CEO of Fibonacci Asset Management said the long-term AI case remains intact but rising rates and geopolitical risk are making investors unwilling to pay high premiums, and price falls also reflected profit-taking after an “exceptionally strong rally.”

美国叙利亚问题特使汤姆·巴拉克：这凸显了建立以色列、叙利亚和土耳其三国参与的冲突降级机制的必要性，我们正在积极为此努力。