Asian Stocks Bleed as Rising US Yields and Crude Prices Weigh on Risk Assets

Asian stock markets experienced significant declines, with India's BSE Sensex dropping 990 points (1.34%) to 72,905, while Japan's Nikkei 225 fell 0.73% and China's Shenzhen index plummeted 3.44%. The bearish trend is expected to extend to U.S. markets, as Dow futures fell by 188 points and Nasdaq 100 by over 262 points. The 10-year U.S. Treasury yield reached 5.17%, the highest since 2007, contributing to the negative sentiment in risk assets.