**US Market:**
U.S. benchmark bond yields hovered near the 4.3% mark, marking their biggest surge in three months after a notable increase in producer prices added to concerns about inflation. The 10-year Treasury yield maintained at approximately 4.28%, holding onto gains from the previous session.
**Asian Market:**
Asian stocks experienced a downturn, mirroring declines in tech stocks on Wall Street, prompted by higher-than-expected U.S. inflation data. Hong Kong’s Hang Seng and South Korea’s Kospi both slid more than 1%
Chinese blue chips remained relatively stable despite the central bank’s decision to maintain the medium-term lending facility rate.
Nikkei eased by 0.3%, with indications of a potential stimulus exit from the Bank of Japan.
**Forex:**
The dollar index saw a slight increase of 0.07% to 103.45, continuing its momentum from the previous day’s rally.
Yen’s strength was overshadowed by a resurgent dollar
Euro extended its decline, reaching a one-week low of $1.08765.
**Cryptos:**
Bitcoin edged up by 1.4% towards its recent record high, following an announcement by MicroStrategy to raise capital through convertible bonds, intending to purchase bitcoin for the second time in less than 10 days.
**Commodities:**
Oil prices saw some profit-taking after recent gains driven by various factors including declines in U.S. crude and fuel inventories, drone strikes on Russian refineries, and increased energy demand forecasts. Brent crude and U.S. West Texas Intermediate (WTI) crude both experienced slight declines but remained on track for weekly gains.
Brent last dipped 41 cents, or 0.5%, to $85.01. US crude dipped 32 cents, or 0.4%, to $80.94.
For more news, visit https://www.reuters.com/markets
