Asian markets experienced a mixed performance as investors navigated rising oil prices and fluctuating bond yields. While certain stocks rose, others remained under pressure due to geopolitical tensions in the Middle East and potential impacts on US-China relations. The market sentiment was further complicated by a global bond sell-off, with caution prevailing among investors as they awaited further developments in oil dynamics and discussions surrounding US-Iran relations. US stocks also saw volatility, reacting to fluctuations in Treasury yields, which are hovering near two-decade highs. Overall, the trading atmosphere remains cautious with a focus on oil price movements and their potential implications for market stability.