Asian Stocks Slide as Middle East Tension and Bond Sell-Off Weigh
TL;DR Summary
Asian stocks slipped as risk aversion increased due to concerns over Middle East conflict, while the bond sell-off intensified, pushing Treasury yields to fresh 16-year highs ahead of a speech by Fed Chair Jerome Powell. Investors sought safer assets, keeping gold prices near two-month peaks and the dollar firm. The gloomy mood is expected to continue in Europe, with stock markets in the region set for a lower open. Geopolitical risks, including a widening U.S. chip export ban and concerns over China's property sector, also weighed on investor sentiment.
Topics:top-news#asian-stocks#bond-sell-off#fed-chair-jerome-powell#finance#middle-east-tension#treasury-yields
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