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Global Equity Rally Loses Steam as Bond Yields Rise

A global stock market advance stalled Friday as rising treasury yields weighed on investor sentiment across multiple asset classes. Asian markets initially extended gains, with Japanese equities reaching record highs on geopolitical optimism surrounding potential US-Iran negotiations. However, momentum faded as a broad bond selloff accelerated throughout the session, signaling growing inflation concerns among fixed-income traders. The rally, which had been fueled by earnings beats and technology sector strength, showed signs of decoupling from underlying economic fundamentals. Analysts noted the labor market remains weaker than headline figures suggest, raising questions about the sustainability of the current equity advance. Tech stocks including Samsung and major semiconductor firms recorded gains, though broader market participation narrowed as yields climbed. Geopolitical developments and monetary pressures created crosscurrents that challenged investor risk appetite heading into the week.