Asian stocks mostly fall after Wall Street losses and oil prices rise

HONG KONG (AP) — Asian shares mostly fell on Tuesday following Wall Street losses, while U.S. Treasury yields paused their runup after reaching their highest level in roughly two decades. U.S. futures edged lower, and oil prices climbed over uncertainties over U.S.-Iran talks and the possibility of a reopening of the Strait of Hormuz, a waterway that's crucial for oil transport. On Monday the S&P 500 slipped 0.8%, the Dow Jones Industrial Average fell 0.7%, and the Nasdaq composite dropped 0.9%. Stocks have been under pressure from rising yields on U.S. Treasuries, with investors looking for higher returns under growing worries about inflation and rising U.S. government debt. The yield on the 10-year U.S. Treasury was at its highest since 2007.