Mixed Global Markets React to US-Iran Uncertainty and Rising Treasury Yields

Global stock markets were mixed on Tuesday as investors reacted to losses on Wall Street and uncertainty about U.S.-Iran talks. The S&P 500 fell 0.8%, while the Dow Jones Industrial Average dropped 0.7% and the Nasdaq composite declined 0.9%. The FTSE 100 in Britain rose 0.3% to 10,721.04, while Germany's DAX added 0.3% to 25,460.81.

The Shanghai Composite index gained 0.2% to 3,830.45 after China's State Council discussed improving macro policies to boost the economy. However, Hong Kong-traded shares of Shein fell 10.7%, with the online fashion retailer reporting a 67% decline in adjusted net profit for the three months ending June 30.

U.S. Treasury yields paused their run-up after reaching their highest level in roughly two decades, at about 5.24%. The Federal Reserve raised rates earlier this month, and the Bank of Japan increased its key rate to the highest level in 31 years. Central banks have been raising interest rates to curb inflation.

Oil prices stabilized as mediators continued to work with the United States and Iran on reaching a deal to end the fighting and open the Strait of Hormuz. Brent crude, the international standard, fell 0.3% to $97.55 a barrel after rising earlier.