Asian Shares Slip as Oil and Yields Rise
Asian shares declined as rising oil prices and elevated bond yields pressured markets. Geopolitical tensions between the US and Iran boosted crude prices while investors weighed potential interest rate hikes.
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Asian share markets fell on Monday morning as fresh military clashes between the United States and Iran lifted oil prices, while bond yields remained elevated after investors repriced Federal Reserve rate hike odds. Brent Crude Oil climbed 2.7% to $90.51 a barrel following a U.S. strike on Iranian missile launchers.
