Global equities closed last week slightly lower, down 0.5%, despite a rapid increase in bond yields, according to FX Street. The tech sector and cyclical stocks outperformed, helping to cushion the broader market from sharp declines.
Over the past two weeks, equities have gained 0.4%, while volatility has primarily been seen in the bond market rather than stocks. This stability in equities is attributed to robust earnings growth, which has helped counterbalance the pressure from rising rates.
For Japanese investors, these trends highlight the potential resilience of global equity markets amid changing yield environments, reinforcing the importance of sector selection in portfolios exposed to international markets.