Asian markets fall on oil and inflation
Asian stocks and bonds declined today, Friday, due to rising oil prices and increasing inflation risks, leading to a wave of selling in the markets, especially in Japan, South Korea, and China. US 10-year Treasury yields rose close to 5%, as expectations of another Federal Reserve interest rate hike persisted following inflation data that came in faster than expected. Meanwhile, Chinese company "Enflame" saw a 180% jump on its first day of trading, while market pressures continued, with some indices experiencing weekly losses exceeding 3%.
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