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Asia Stocks Sink on Inflation Fears Amid Oil Rally

Guavy AI Editorial Team
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JPY NZD
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Asian markets are poised to slide on Thursday, following Wall Street's losses as concerns about inflation grow. The recent oil price rally and strong US economic data have fueled bets on further interest-rate hikes.

New Zealand government bonds took an early hit in Asian trading, with Australian bond futures also pointing to losses after the selloff in Treasuries.

The yen, near a three-week low, will be under scrutiny as Japanese markets reopen.

US equity futures were little changed on Thursday morning, but equity-index futures for Hong Kong and Australia pointed lower, mirroring Wednesday's declines in the S&P 500 (0.8%) and Nasdaq 100 (0.9%).

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