Asian stocks were subdued in thin holiday trade on Monday, as higher oil prices and Treasury yields stoked worries about inflation and investors awaited the release of Chinese GDP data as well as monthly activity figures for March.
The Japanese yen reversed losses against the dollar and gold hovered near a five-week high, while oil prices climbed on concerns about tighter supply after Libya's National Oil Corporation announced Sunday the closure of production at a major oil field in the country's south.
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