Asian stocks decline as U.S. jobs data and Russia sanctions heighten market pressures.

Asian stocks fell on Monday as US jobs data and sanctions on Russia's energy sector increased market pressures. The US futures market dropped, and oil prices surged due to the sanctions, enhancing inflation concerns. Despite faster-than-expected export growth in China, regional stocks continued to decline, with benchmarks in Hong Kong, Shanghai, and South Korea leading the losses. The strong US jobs report and sanctions also boosted the US dollar and increased Treasury yields, reducing expectations for Federal Reserve rate cuts. Investors are now focusing on upcoming US inflation data.

2 months ago
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