Asian stocks fell sharply to reach their lowest this year on Tuesday after comments from some Federal Reserve officials suggested that the U.S. central bank might have to raise its key interest rate higher than previously expected in the current battle against inflation.
Gold sank to a seven-month low as the dollar hit 11-month highs amid a spike in the U.S. benchmark 10-year bond yield to the highest level since 2007. Oil fell for a fourth day on concerns about the demand outlook.
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