Asian stocks skid as oil spike revives inflation fears, bonds take a hit

Close Top Stories Asia East Asia Singapore World Commentary CNA Explains Sustainability Business Sport Latest News Insider TODAY Big Read Up Close In Pixels Ground Up Voices Adulting Mental Health Matters Watch Live TV News Reports Documentaries & Shows TV Schedule Listen CNA938 Live Podcasts Radio Schedule Special Reports Singapore Parliament Mental Health Interactives Lifestyle Entertainment Women Wellness Living Style & Beauty Dining Travel Luxury Experiences Obsessions People Remarkable Living Sustainability Newsletters CNA Eyewitness Send us a news tip Events & Partnerships Branded Content Business Blueprint Health Matters The Asian Traveller Brand Studio Learning Minds Weather Edition: Singapore Indonesia Asia World Search Trending Topics CNA Explains China artificial intelligence Indonesia Malaysia podcasts Wellness Thailand Japan Follow CNA Follow our news Facebook X Youtube LinkedIn RSS Close Top Stories Asia East Asia Singapore World Commentary CNA Explains Sustainability Business Sport Latest News Insider TODAY Big Read Up Close In Pixels Ground Up Voices Adulting Mental Health Matters Watch Live TV News Reports Documentaries & Shows TV Schedule Listen CNA938 Live Podcasts Radio Schedule Special Reports Singapore Parliament Mental Health Interactives Lifestyle Entertainment Women Wellness Living Style & Beauty Dining Travel Luxury Experiences Obsessions People Remarkable Living Sustainability Newsletters CNA Eyewitness Send us a news tip Events & Partnerships Branded Content Business Blueprint Health Matters The Asian Traveller Brand Studio Learning Minds Weather Edition: Singapore Indonesia Asia World Search Trending Topics CNA Explains China artificial intelligence Indonesia Malaysia podcasts Wellness Thailand Japan Follow CNA Follow our news Facebook X Youtube LinkedIn RSS Recent Searches Trending Topics CNA Explains China artificial intelligence Indonesia Malaysia podcasts Wellness Thailand Japan Advertisement Advertisement Advertisement Business Asian stocks skid as oil spike revives inflation fears, bonds take a hit A pedestrian walks past a stock quotation board showing the Nikkei share average outside a brokerage in Tokyo, Japan, July 17, 2026. REUTERS/Manami Yamada TPX IMAGES OF THE DAY A pedestrian walks past a stock quotation board showing the Nikkei share average outside a brokerage in Tokyo, Japan, July 17, 2026. REUTERS/Manami Yamada Pedestrians walk past a stock quotation board showing the Nikkei share average outside a brokerage in Tokyo, Japan, July 17, 2026.

REUTERS/Manami Yamada 24 Jul 2026 09:20AM (Updated: 24 Jul 2026 09:28AM) Bookmark Bookmark Share WhatsApp Telegram Facebook Twitter Email LinkedIn Set CNA as your preferred source on Google Add CNA as a trusted source to help Google better understand and surface our content in search results. Read a summary of this article on FAST. Get bite-sized news via a newcards interface.

Give it a try. Click here to return to FAST Tap here to return to FAST FAST SYDNEY, July 24 : Asian shares fell on Friday as oil prices stormed back above $100 a barrel amid an intensifying conflict in the Gulf, rattling bond markets and reviving fears of a fresh inflation shock.Brent crude held at $100.

85 a barrel, after surging 7 per cent overnight to a two-month high of $102 as attacks by Iran-aligned Houthis on Saudi tankers in the Red Sea choked off a second crucial Middle East artery for global oil supplies, alongside Iran's near-closure of the Strait of Hormuz. Two weeks since the effective collapse of an interim truce meant to end the war, the U.S.

military launched air strikes on Iran into Friday morning while Tehran fired at neighbouring Arab countries that host U.S. bases.

With the conflict showing little signs of abating, Brent has soared nearly 40 per cent this month alone. "Two of the world’s busiest shipping corridors are under threat in the same month, and markets are only just beginning to work out what that means," said Nigel Green, CEO of deVere Group, a financial advisory firm. CNA Games Guess Word Crack the word, one row at a time Buzzword Create words using the given letters Mini Sudoku Tiny puzzle, mighty brain teaser Mini Crossword Small grid, big challenge Word Search Spot as many words as you can Show More Show Less "With that ceasefire now collapsed and oil back above $100, the drop which gave the Fed room to relax may already be reversing ...

This looks less like a short-lived spike and more like a genuine reopening of the inflation question."News that the U.S.

administration will impose higher tariffs on goods from 60 trading partners also did not help the inflation picture, with 30-year Treasury yields nearing their highest levels since 2007 and benchmark European borrowing costs climbing to highs last seen in 2011. Markets bet central banks will have to turn more hawkish, with a one-in-three chance of a rate hike from the Federal Reserve as soon as next week — a sea change from merely a week ago — while a move in Septembe