Asia-Pacific equities retreat as global yields remain elevated and rate worries persist

In early Asia trading, key indices including Japan’s Nikkei 225 and Hong Kong’s Hang Seng Index slipped, with investors cautious amid elevated U.S. Treasury yields and concerns that central banks globally may delay easing. Safe-haven flows were mixed: gold pared gains while Asian currencies held firm versus the dollar. Export-sensitive markets were particularly subdued, reflecting concern that strong yields overseas may siphon capital from EM equities.