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Asian markets fall amid Wall Street losses
Most Asian market indicators declined today following losses on Wall Street and rising oil prices. U.S. stocks closed lower, with Treasury yields reaching their highest levels since 2007, as central banks continued to raise interest rates to curb inflation. Meanwhile, Asian markets saw drops in the Nikkei, Kospi, Hang Seng, and Shanghai indices, while Brent crude oil rose by 1.8% to around $99 per barrel amid uncertainty surrounding US-Iran talks and the possibility of reopening the Strait of Hormuz.
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