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Asian stocks fall as Brent stays over $100
Asian stocks declined due to ongoing tensions in the Middle East and oil prices rising above $100 per barrel, amid escalating attacks on maritime navigation. Brent crude remained around $101.11, the highest level since July, reflecting investors’ concerns over persistent inflationary pressures and the deteriorating geopolitical situation. At the same time, U.S. Treasury yields held steady at 4.84% after the government announced a plan to buy $6 billion worth of long-term bonds, which impacted global markets that are anticipating an imminent increase in European interest rates.
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