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Shares skid in Asia as oil, yields stay high

PerthNow 1h ago 2 newsrooms in 2 countries

The Nikkei is down 2.1 per cent, while Nasdaq futures have shed 0.5 per cent as oil climbs again as the US and Iran exchange fire in the Gulf.

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Why it matters: Higher oil prices increase input costs for manufacturers and airlines across Asia, while elevated yields raise borrowing costs for companies and governments in the region.
Most affected: Japanese exporters and manufacturers — Higher oil costs reduce margins; falling stock valuations lower asset values.
Asian companies requiring borrowed capital — Elevated yields raise debt servicing costs.
Likely next: Whether oil prices continue climbing and whether Asian stock indices extend losses in coming sessions.

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