**[Rising U.S. Treasury Yields Do Not Undermine A-Share Market Stability]** Due to factors such as the escalation of the U.S.-Iran conflict and the continued rise in U.S. Treasury yields, the international capital markets have recently experienced significant adjustments. On September 1 local time, the three major U.S. stock indices came under pressure, with the Nasdaq closing down 1.03% and the Philadelphia Semiconductor Index dropping more than 3% intraday. On September 2, Asian markets were similarly affected, with South Korea's KOSPI and Japan's Nikkei 225 indices falling 3.99% and 2.85%, respectively. In contrast, the A-share market demonstrated stronger resilience. As of the close on September 2, the Shanghai Composite Index fell by 0.97%, a decline significantly smaller than those of the South Korean and Japanese markets. While the STAR Market and ChiNext Market experienced some adjustments, overall fluctuations remained within a reasonable range. Interviews with multiple market participants revealed that U.S. Treasury yields primarily impact equity assets through capital flows, valuation adjustments, and market sentiment. Currently, the rise in U.S. Treasury yields has a limited actual impact on the A-share market. Investors should avoid emotional overreactions or irrational sell-offs caused by short-term disturbances. *(People's Financial News)*