Asian shares decline under pressure from rising bond yields and surging oil prices

Asian shares fell on Thursday, and oil prices surged following a retreat in Wall Street stocks from their recent record highs. The market downturn was driven by ongoing pressure from rising yields in the bond market, notably the yield on the 10-year U.S. Treasury.

In addition to the decline in Asian equities, U.S. equity futures traded mixed as investors continued to react to the broader macroeconomic environment shaped by climbing bond yields and energy costs.