Asian stock markets closed lower, with the Hang Seng index falling 1% and the KOSPI declining, ahead of the Federal Reserve meeting and bond yields potentially reaching 5%.

Asian stock markets mostly closed lower today (September 15, 2569), with Hong Kong and South Korea falling and China declining, while Japan remained stable. This was driven by pressure from rising 10-year US Treasury yields above 5%, their highest level since 2550, and higher oil prices due to tensions between the US and Iran. Investors are also watching the Federal Reserve meeting and the direction of interest rates this week.

Japanese stock market

The Nikkei index remained stable, pressured by rising U.S. bond yields above 5% and higher oil prices, as investors assess the Federal Reserve's interest rate outlook at this week's meeting. The market also faced selling pressure on AI-related stocks amid concerns about a slowdown in AI development.

• The Nikkei index closed at 63,484.10 points, down 8.89 points or -0.01%.

Chinese stock market

The Shanghai Composite Index fell in line with other Asian stock markets, pressured by rising U.S. bond yields and surging oil prices. Investors are watching this week's Federal Reserve meeting, while concerns about inflation fueled by oil prices continue to weigh on investment sentiment.

• The Shanghai Composite Index closed at 3,864.28 points, down 21.05 points or -0.54%.

Hong Kong Stock Market

The Hang Seng Index fell 1% amid selling pressure in Asian stock markets, as investors worried about rising U.S. Treasury yields, which hit their highest levels since 2550. Rising oil prices, fueled by tensions in the Middle East, added pressure on markets ahead of this week's Federal Reserve meeting.

• The Hang Seng Index closed at 24,667.24 points, down 250.36 points or -1.00%.

South Korean stock market

The KOSPI index fell amid pressure from rising U.S. Treasury yields exceeding 5% and higher oil prices. AI-related stocks were also weighed down by concerns about a slowdown in AI development. Investors are also watching for the Federal Reserve's interest rate decision on Wednesday.

• The South Korean stock market composite index closed at 6,627.26 points, down 57.11 points or -0.85%.

Reference: www.cnbc.com

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