Asian shares slip as worries about U.S. debt send Wall Street tumbling
TOKYO, May 22, 2025 (AP) — Asian shares fell Thursday after Wall Street slumped under pressure from the Treasury bond market and worries about surging U.S. debt. U.S. futures were little changed, while Japan’s benchmark Nikkei 225 shed 1.0% in afternoon trading to 36,944.55. Hong Kong’s Hang Seng lost 0.9% to 23,615.21, while the Shanghai Composite edged down 0.1% to 3,383.10. Australia’s S&P/ASX 200 slipped 0.5% to 8,342.80. South Korea’s Kospi dropped 1.1% to 2,595.69. Rising yields for U.S. Treasury bonds are a canary in the coal mine, Stephen Innes of SPI Asset Management said in a commentary. “The U.S.