Asian Stocks Plunge on Inflation Fears; Yields Spike as Oil Hits $107

Asian shares dived on Friday as tech euphoria gave way to inflation fears, pushing Treasury yields to one-year highs and boosting U.S. rate hike bets. Brent crude surged 5.7% this week to $107 amid the Strait of Hormuz crisis, while markets braced for hawkish Fed and Bank of Japan policies.