On Wednesday, the main theme in global financial markets shifted to "rising oil prices—inflation concerns—higher interest rates." International oil prices continued their upward trend, with Brent crude rising by about 2% during the session and reclaiming the $100 mark. Impacted by this, U.S. Treasuries resumed their decline, with both 10-year and 30-year Treasury yields hitting new highs since 2002. The 10-year Treasury yield briefly climbed above 5.36%. U.S. stocks pulled back from their record highs after a continuous rally, with the Dow Jones Industrial Average falling over 1% in early trading, the Nasdaq Composite down more than 0.9%, and the S&P 500 index falling nearly 0.7%. The U.S. dollar strengthened, approaching an 18-month high, while gold saw a significant pullback, with the main New York gold futures contract falling nearly 2.3% during the session.