Asian shares edge up, Japanese bond yields rise
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Asian equities followed the US in posting a modest gain as traders brushed off President Donald Trump’s latest tariff threats as bargaining tactics that are unlikely to derail global trade. Shares in Australia and Japan rose while those in South Korea retreated at the open Tuesday. The S&P 500 eked out a gain as Trump indicated he’s open to trade talks. Bitcoin slipped below $120,000, after surging to a record Monday. Oil held a drop on Trump’s plan to pressure Russia. Japan’s 10-year government bond yield climbed to its highest level since 2008 amid concerns about fiscal spending ahead of an upper house election on July 20. Yields for long-term debt from Japan and Germany to the UK and France rose on Monday on growing worries over widening fiscal deficits. Stocks have rallied from their slump in April, when tariffs were announced, to record high levels this month as investors speculate the levies won’t significantly harm the US econo...