Stocks Slip, Bond Yields Bounce as Oil Fuels Inflation Angst

Stocks Slip, Bond Yields Bounce as Oil Fuels Inflation Angst
A pedestrian looks at an electronic quotation board displaying compnaies' stock prices of the Tokyo Stock Exchange in Tokyo, Japan on Oct. 5, 2021. Kazuhiro Nogi/AFP via Getty Images
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HONG KONG―From Europe to Asia, shares fell and government bond yields rose on Wednesday as oil prices hit their highest in seven years, fuelling concerns about rising inflation.

The Euro STOXX 600 fell 1.8 percent, denting gains made in its best day in 11 weeks on Tuesday, with tech stocks down more than 2 percent and Germany leading losses at 1.6 percent.