Markets in storm today. Stocks collapse, bond yields at the top

Turmoil on the markets today, with stocks sinking in Asia and bond yields in the US back to ultra-decade highs.
Sentiment is negative and the sell-off in Asian stocks has deepened, while investors remain highly concerned about soaring Treasury yields and escalating tensions in the Middle East.
Risk aversion prevails in a context of high tension and strong uncertainty.
With the war in Israel starting to inflame neighboring countries and the Fed meeting in two weeks which could decide on another rate increase, the climate in the markets is not very reassuring.
Investors sought safer assets, keeping gold prices near two-month highs and the dollar firm but at elevated levels.
MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.42%.
Oil prices fell after yesterday's rally on Iranian provocations.
Stocks in the red, yields rising: it's an earthquake on the markets.
The Asian session is about to close in the name of deep losses.
In China, Shenzhen and Shanghai are down 1.39% and 1.23%, respectively.
Hong Kong's Hang Seng is sinking by more than 2% and Japan's Nikkei is also in the red, at -1.89%.
Investor concerns about geopolitical risks after a widening ban on chip exports from the United States cast a shadow over Chinese stocks, despite some good news from a flurry of data on Wednesday that underlined that the dragon was showing signs of stabilization.
read also From the war in the Middle East to the shock on the markets in 5 points The Chinese real estate sector, however, continues to keep investors nervous.
Country Garden bondholders are seeking urgent talks with the company and its advisers after the troubled real estate developer missed a $15 million coupon repayment, putting it at risk of default, according to information from Reuters.
Meanwhile, the rise in bond yields does not stop.
The yield on 10-year Treasury bonds rose 6.4 basis points to 4.966%, hitting its highest level since mid-2007.
The broad sell-off in US 10-year bonds is discounting the Federal Reserve's message that rates interest rates could remain higher for longer.
Yields rise when bond prices fall.
On the commodity front, oil prices fell after OPEC showed no signs of supporting Iran's call for an oil embargo on Israel and as the United States plans to ease sanctions on Venezuela to allow more oil to flow flow globally.
Oil prices had risen 2% in the previous session on concerns over global supply disruptions.
read also Global economy heading towards the abyss with these 4 ongoing crises In the background, the war in Israel remains the great instability concern of the moment.
“The current situation is rather confusing and uncertain.
If the conflict remains limited to Israel, it will be terrible, but markets will learn to live with it, as they did with the war in Ukraine.
If it alternatively expanded to include major oil producers, particularly Iran – which is where the risk is highest – that would be a big problem,” stressed Shane Oliver, head of investment strategy and chief economist at 'AMP Sydney.