Asian Stocks Drop as Inflation Fears Weigh on Markets; All Eyes Turn to China Growth Data

Stocks in Asia fell, tracking Wall Street lower, on lingering inflation concerns and rate hike expectations
Attention turns to China's economic data dump on Tuesday, which is expected to show moderating growth
Treasury yields steadied after spiking on stronger-than-expected US retail sales data
Oil prices rose as geopolitical tensions remain high amid threats of retaliation for Iran's attack on Israel
Volatility ticked up with the VIX hitting its highest level this year as the S&P 500 broke below a key technical level