Global Markets React to US Election Uncertainty

Asian stock markets are experiencing declines as investors react to rising bond yields and a surge in gold prices ahead of the upcoming U.S. elections, with benchmark 10-year Treasury yields reaching 4.19%. The Japanese Nikkei dropped 1.1% to its lowest level since early October, while the MSCI index of Asia-Pacific shares outside Japan fell 0.8%. Oil prices have rebounded sharply, rising 1.7% amid ongoing conflicts in the Middle East, which adds to inflation concerns. In the U.S., the S&P 500 and Dow Jones also edged down as earnings reports loom, with a significant number of companies expected to announce results this week. Meanwhile, Spirit Airlines is seeing a surge in stock price after extending a debt refinancing deadline, offering a glimmer of hope amid its nearly 90% stock value drop this year. The market remains volatile as traders monitor both geopolitical tensions and corporate earnings.