
Stocks tumble as oil and inflation fan rate hike bets Asian stocks tumbled Friday as oil prices extended gains and bond yields held at multi-year highs as the Middle East crisis stoked supply concerns and a forecast-topping US inflation report ramped up rate hike bets.AFP noted that crude prices have soared more than 30 percent over the past week as the US and Iran exchanged strikes around the Strait of Hormuz, while Tehran has said it is prepared for a more intense conflict.Hormuz shipping traf...
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