Soaring oil prices coupled with inflationary pressures led to a double whammy for Asian stocks and bonds, with Japanese stocks plunging 3% and Japanese bond yields continuing to rise.
Oil prices breaking through the $100 mark and the US producer price index rising more than expected have combined to push Asian markets into a double whammy of falling stocks and bonds.
Asian stock markets fell across the board in early trading on Friday, with the MSCI Asia Pacific Index