(Bloomberg) — Asian equities traded mixed Tuesday after U.S. stocks fell for the first time in five sessions with prices near all-time highs. The dollar extended its climb as Treasury yields reached the highest level since March.Shares were steady in Japan but slid in South Korea after a sharp rally this year. S&P 500 and European futures were little changed. Malaysia’s stocks and currency fell after it declared a state of emergency to help fight a jump in coronavirus cases. Bitcoin steadied after dropping as much as 20% on Monday. Gold halted a losing run, and West Texas Intermediate oil held near $52 a barrel.With 10-year Treasury yields at about 1.15%, investors are assessing potential risks to the current environment of easy financial conditions and how that could reset expectations for a range of asset classes. Yields have risen on bets that Democratic lawmakers will enact big spending packages to drive the economic recovery out the pandemic.Worries that equities are running too hot when major parts of the world are grappling with the worst of the Covid-19 outbreak are also weighing on the minds of investors.“A new, more speculative, more volatile phase of the bull market has begun,” said Julian Emanuel, chief equity and derivatives strategist at BTIG LLC. “The depth of any such pullbacks in 2021 is largely dependent on yields.”Twitter Inc. fell after the social media platform permanently banned President Donald Trump after a mob invaded the Capitol building last week. Shares of Facebook Inc., which suspended Trump’s account, also declined.House Democrats Monday introduced a resolution to impeach Trump for a second time, setting up a vote this week unless Vice President Mike Pence uses his constitutional authority to remove the president.Here are some key events coming up:JPMorgan Chase & Co., Citigroup Inc. and Wells Fargo & Co., as well as firms ranging from Taiwan Semiconductor Manufacturing Co. to Infosys Ltd., are among those due to report earnings.EIA crude oil inventory report is due Wednesday.European Central Bank’s Christine Lagarde speaks at an online conference Wednesday.U.S. consumer-price inflation figures are due Wednesday.Biden plans to lay out proposals for fiscal support on Thursday.Fed Chair Jerome Powell takes part in a webinar on Thursday.U.S. initial jobless claims data are due Thursday.U.S. retail sales, industrial production, business inventories and consumer sentiment figures are due Friday.These are some of the main moves in markets:StocksS&P 500 futures were little changed as of 2:14 p.m. in Tokyo. The S&P 500 index fell 0.7%.Japan’s Topix added 0.1%.Australia’s S&P/ASX 200 shed 0.3%.Hong Kong’s Hang Seng added 0.4%.Shanghai Composite rose 0.8%.South Korea’s Kospi slid 2.4%.CurrenciesThe Bloomberg Dollar Spot Index was up 0.1%.The yen was little changed at 104.31 per dollar.The euro dipped 0.1% to at $1.2142.The pound was little changed at $1.3524.The offshore yuan was 0.1% higher at 6.4700 per dollar.BondsThe yield on 10-year Treasuries was at 1.15%.CommoditiesWest Texas Intermediate crude fell 0.2% to $52.17 a barrel.Gold rose 0.4% to $1,851 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.