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Asian Stocks Sink as Oil Prices Surge and Stronger Yen Hits Nikkei

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Asian stock markets declined as rising oil prices, higher global bond yields, and geopolitical tensions weighed on sentiment.
  • Brent crude rose 1.4% toward $98, while Japan's Nikkei fell 1.7% pressured by a stronger yen, which hampered exporters despite solid domestic wage and lending growth.
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