Japanese Yields Spike, Big Tech Reports Mixed Earnings, Hormuz Tensions Rise

Market News
1. Japan's 10-year government bond (JGB) yield surged to its highest level since 1997 amid mixed economic data and weakening Nikkei futures.
2. The United States has proposed forming an alliance to secure shipping in the Strait of Hormuz, heightening geopolitical risk awareness that could impact oil prices and supply chains.
3. Tech giants released mixed earnings reports, causing Meta and Amazon shares to fall after-hours while Alphabet and Microsoft shares rallied.