Asian Equities Slip as Bond Yields and Oil Prices Rise
Asian equities and global bond markets declined as rising yields and climbing oil prices increased borrowing costs. Investors braced for further rate hikes amid persistent inflation concerns.
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Asian equities slipped during Tuesday morning trading as rising oil prices and surging bond yields created an uncomfortable fiscal backdrop. Investors braced for an impending interest rate hike in Australia alongside an era of higher short-term borrowing costs.
