Asia equities are mixed Asian markets calm after US yields rise Cyclical rotation flows dominated Wall Street on Friday, as US bond yields suddenly spiked higher. Technology bore the brunt of the assault, the Nasdaq falling 0.59%, while the S&P 500 roses just 0.10%, while the Dow Jones climbed by 0.90%. Dovish comments by Treasury Secretary Yellen over the weekend see the futures on all three indexes up by 0.20% this morning, lending a sense of calm to Asian equities. The Nikkei 225 is 0.30% higher today, while the Kospi is now unchanged. Mainland China’s Shanghai Composite has recovered some earlier losses but is still down by 0.40%, with the CSI 300 has fallen by 0.95%. Today’s China data was mixed, and retail sentiment remains fragile. This week, it will be interesting to see if China’s “national team” steps in once again if markets move sharply lower.