Asian shares drop after US selloff, treasuries dip

Asian stock markets edged lower, mirroring losses on Wall Street, as investor sentiment took a hit from rising concerns over the U.S. fiscal deficit. A spike in Treasury yields—especially on long-term bonds—fueled caution, following weak demand at a recent bond auction. These developments have reignited worries about U.S. borrowing levels, overshadowing the recent rebound in risk assets and putting renewed focus on budgetary debates.