BANGKOK — Asian shares were mainly lower on Thursday after Wall Street standards fell, reversing course after 2 days of gains.
Wall Street futures were lower while oil costs were combined.
The pullback Wednesday came as financiers examined quarterly revenues reports and Treasury yields climbedup to multiyear highs, appealing traders with greater returns on fairly low-risk financialinvestments.
Asia tracked those losses.
Tokyo’s Nikkei fell 1.1% to 26,954.15 while the Kospi in Seoul decreased 1.3% to 2,208.48. In Hong Kong, the Hang Seng shed 1.9% to 16,194.09.
The Shanghai Composite index edged 0.1% lower to 3,042.98 and Australia’s S&P/ASX 200 offered up 1.1% to 6,724.70.
Early gains Wednesday on Wall Street faded quickly. The S&P 500 fell 0.7% to close at 3,695.16, while the Dow Jones Industrial Average slipped 0.3% to 30,423.81. The Nasdaq composite ended 0.9% lower, at 10,680.51.
Small business fell more than the rest of the market, sendingout the Russell 2000 index 1.7% lower to 1,725.76.
Stocks were coming off of 2 days of gains, however trading hasactually been unstable throughout.
Netflix skyrocketed 13% and United Airlines increased 5% after launching their quarterly results, while others, consistingof Abbott Laboratories and M&T Bank, sank.
The yield on the 10-year Treasury, which affects homeloan rates, climbedup to 4.13%, its greatest level consideringthat June2008 It was at 4.02% late Tuesday. The yield on the two-year Treasury, which tends to track expectations for futur