Asia Stocks Slip as US Yields Hit 2007 Highs; Nvidia Boosts Buybacks

Key Facts

1The US 10-year Treasury yield reached approximately 5.24%, its highest closing level since June 2007.

2Markets widely expect the Reserve Bank of Australia to hike interest rates to 4.60% due to sticky inflation.

3Nvidia has increased its share buyback program by a record $150 billion, bringing the total authorization to $235 billion.

Asian equity markets declined as the 10-year US Treasury yield reached approximately 5.24%, its highest closing level since June 2007, according to Forexlive. In the technology sector, Nvidia increased its share buyback program by a record $150 billion, bringing the total authorization to $235 billion. Meanwhile, markets widely expect the Reserve Bank of Australia to hike interest rates to 4.60% in response to sticky inflation.

NVDA closed at $228.86 on September 28, 2026, while STT closed at $179.73 on the same date. Within the semiconductor peer group, TSM closed at $452.88, AMD finished at $607.87, and INTC closed at $116.03 on September 28, 2026. These market movements occur alongside conflicting geopolitical reports regarding US-Iran relations, with President Donald Trump denying claims that he offered sanctions relief to Iran.