Asian stocks slide on inflation and rate worries amid oil surge
Asian shares fell sharply as escalating U.S.-Iran tensions lifted oil prices and global bond yields. The U.S. dollar held near a two-week high, while gold eased toward $4,300/oz after Fed Governor Michael Barr’s remarks.
BEIJING (dpa-AFX) - Asian stocks fell sharply on Wednesday as escalating U.S.-Iran tensions pushed oil prices and global bond yields higher.The U.S. dollar was steady near a two-week high while gold prices fell toward $4,300 an ounce after Federal Reserve Governor Michael Barr said in a speech that…