Asian Stocks Poised for Declines, Tracking Wall Street Moves, as Elevated Oil Prices Fuel Inflation Worries
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U.S. 30-year fixed mortgage rate surged 19 bps to 7.49%, highest since Nov 2023 as Treasury yields surged; mortgage applications fell 4.2% last week.
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A Panama-flagged oil tanker was attacked and caught fire in the Strait of Hormuz, injuring 12 crew members. The Royal Air Force of Oman has evacuated 10 crew members.
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