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Asian shares fell on Thursday as oil prices vaulted to four-year highs due to the risk that U.S. may strike Iran again.
Brent crude oil futures surged over 6%, reaching $125 a barrel after U.S.-Iran tensions escalated.
KEY POINTS
- Three Fed board members voted to drop the easing bias, the most divided decision since 1992.
- Japan's 10-year government bond yield hit 2.5%, the highest level since June 1997.
- Meta Platforms raised its annual capital spending forecast for AI infrastructure, causing shares to fall 7%.
- Investors have built the largest short yen position in nearly two years amid ongoing currency weakness.
COMPANIES
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