SYDNEY: An extended sell-off drove Asian shares to their lowest in seven weeks on Wednesday as surging commodity prices and growing inflationary pressure in the United States prompted markets to bet on earlier rate hikes and higher bond yields globally.
Futures pointed to a gloomy start for European and U.S. shares with those of Eurostoxx 50, Germany's Dax and London's FTSE all down 0.2% each.
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