Global Markets Drop Amid Middle East Tensions and Policy Uncertainty
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Asian shares fell as risk aversion grew due to Middle East tensions and bond sell-off drove Treasury yields to 16-year highs ahead of Fed Chair Powell's speech.
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Investors sought safe assets like gold and the dollar amid unease over conflict between Israel and Palestinians.
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Oil prices eased after OPEC showed no embargo support for Iran and as U.S. plans to ease Venezuela sanctions.
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China stocks dropped despite stabilizing economic data, due to chip export ban worries and property sector concerns.
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Attention turns to Powell's speech for signals on interest rates, with economists expecting rates to remain unchanged at the next Fed meeting.
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