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Asia stocks fall as yen surges, Iran warns US of retaliation

SINGAPORE: A surge in the yen and mixed economic data sent Asian stocks lower on Tuesday, while fresh Iranian threats in the Gulf drove commodity prices and Treasury bond yields higher.

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日元飙升,亚洲股市下跌;伊朗警告美国将采取报复措施

SINGAPORE: A surge in the yen and mixed economic data sent Asian stocks lower on Tuesday, while fresh Iranian threats in the Gulf drove commodity prices and Treasury bond yields higher.

The yen jumped as much as 1% to 152.89, its strongest level since February 18, as investors unwound an estimated $2.35 trillion in yen-funded carry trades.

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