Asian Stocks Dip Amid U.S. Election Jitters and Bond Sell-Off

Asian markets fell as bond sell-offs and pre-U.S. election tensions led to financial unease. Gold hit new highs, while the dollar strengthened amid predictions of a Trump victory influencing economic policy. Oil prices and Treasury yields also rose, with global markets closely watching U.S. fiscal and election dynamics.

Asian stocks fell sharply on Tuesday, accompanied by a climb in bond yields and gold prices, as investors braced for the upcoming U.S. presidential election. The bond market's sell-off, pushing 10-year Treasury yields to 4.19%, suggested market caution ahead of the vote.

Simultaneously, gold surged past $2,740 an ounce, indicating investor appetite for safer assets. Japanese and broader Asia-Pacific indices noted declines, with oil prices escalating amid ongoing Middle East tensions.

Analysts attribute the dollar's rise to market speculation of a Trump victory, impacting potential fiscal policies. Global markets are now poised for U.S. corporate earnings to offer further insight.

(With inputs from agencies.)