Asian Shares Retreat On Inflation, Interest Rate Concerns
· rttnews.com
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 he would back a rate hike if inflation doesn't cool quickly.
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-...