U.S. and Asian markets pulled in different directions on Thursday, September 24, 2026. Overnight on Wall Street, major indexes slipped as Treasury yields jumped, while Japan’s Nikkei came back from a holiday break with a clear rebound led by SoftBank and chip-related names.
In New York, the Dow fell about 0.7 percent, the S&P 500 about 0.8 percent, and the Nasdaq about 1.1 percent. The move tracked a sharp rise in the U.S. 10-year Treasury yield, which pushed near 5.1 percent — levels not seen since around 2007. Higher yields tend to weigh on stocks that depend on cheaper borrowing, and that pressure showed up across the session.
Fed Governor Michael Barr added to the rate conversation after last week’s hike, saying further increases may still be needed. That tone kept traders focused on how sticky inflation and policy might stay, rather than on any single stock story. Bond markets set the pace; equities followed.
Across the Pacific, Japan reopened after a three-day holiday. The Nikkei rose roughly 1.3 to 1.7 percent, with reports putting the index around 65,800 to 66,000. SoftBank jumped more than 6 percent, and semiconductor names such as Kioxia also advanced. The tone there was clearly stronger than the overnight U.S. close.
Elsewhere in Asia the picture was softer. Hong Kong’s Hang Seng and Shanghai’s Composite each slipped about half a percent. South Korea’s market stayed shut for a holiday. Traders also kept a light eye on talk around a U.S.–China summit and a possible trade-truce extension tied to comments involving Bessent — a watch item, not a settled headline.
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