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Global equity markets closed mixed, with Europe down and Wall Street ending a volatile week with modest gains. US Treasury yields topped 5%, while Brent crude remained above $100. Asian markets showed mixed performance.
Asian stocks fell sharply after a fourth straight session of losses on Wall Street, as inflation and interest-rate concerns weighed and Brent rose amid escalating Middle East tensions.
Asian stocks retreated Tuesday as rising U.S.-Iran tensions lifted Brent above $91 a barrel, adding to worries about inflation and interest rates.