Tokyo and Seoul stocks lead Asia lower as yields, oil rise
Surging bond yields and higher oil prices weighed on global sentiment this week, with Germany and Japan 10-year yields hitting highs since 2011 and 1996. Tokyo and Seoul shares led Asia lower.
Surging bond yields and higher oil prices have weighed on sentiment across global stock markets this week, with 10-year yields in Germany and Japan in particular hitting their highest since 2011 and 1996, respectively."Bond yields keep going up and the pressure on risk assets ratchets up further.
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