Asian Stocks Slip as Oil Prices Hold Above 100 Dollars
Asian shares declined as Middle East shipping attacks kept oil prices above 100 dollars a barrel. Investors remained cautious ahead of crucial U.S. inflation data and upcoming central bank meetings.
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Asian stocks slid 0.7% on Thursday as intensifying Middle East conflict kept Brent Crude Oil above $100 a barrel, leaving investors cautious ahead of key United States inflation data. The regional drop follows surging energy costs and elevated bond yields that have unsettled global equities. Markets now brace for upcoming central bank policy decisions across major economies.
