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Brent crude rose 2.5% on Thursday, breaking above $102, sparking inflation concerns; South Korean stocks closed down 2.6%, and U.S. Treasury yields approached 2002 highs.
Brent crude rose about 2.5% on Thursday, breaking above $102 per barrel, as renewed tensions in the Middle East fueled inflation expectations. Impacted by this, global equities were under pressure, with South Korea's Seoul Composite Index plummeting 2.6%; the US 10-year government bond yield climbed 3 basis points to 5.31%, nearing its highest level since 2002.
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