两大利空突袭！A50走低，亚太市场遭“双杀”！

Core Viewpoint - The Asia-Pacific market is experiencing a "double kill" in both stocks and bonds, with significant declines in equity markets following rising bond yields [1][4]. Group 1: Bond Market Dynamics - The yield curve in the Asia-Pacific region is steepening, with 10-year and 30-year yields rising by 3 basis points [1][3]. - Japan's 10-year government bond yield reached 2.330%, the highest level since February 1999, while the 40-year bond yield hit 4%, marking a record since its issuance in 2007 [3]. - The sell-off in Japanese bonds is driven by concerns over a proposed reduction in food sales tax, which may pressure public finances [3]. Group 2: Equity Market Reactions - The equity markets are significantly impacted by the bond market's performance, with the A-share ChiNext index dropping over 2% and the Shenzhen Component Index falling more than 1% [4]. - Major stock indices in Japan, South Korea, and Australia are all experiencing declines, with the Nikkei index potentially facing a fourth consecutive drop [1][4]. Group 3: External Factors Influencing Markets - Two main negative factors are identified: developments in Japan and tensions surrounding Greenland [6]. - In Japan, Prime Minister Fumio Kishida announced the dissolution of the House of Representatives for elections, which may affect market stability and investor confidence [6]. - The situation in Greenland, including increased military presence from the U.S. and Denmark, is contributing to rising trade tensions, which could impact demand for U.S. assets and exacerbate the decline in global bond prices [7].