Shares in Asia fell as a jump in global oil prices emboldened the higher-for-longer rates narrative, sapping risk sentiment as some markets in the region prepare for a holiday.
Chinese developers extended losses after falling to levels not seen since 2011 on Wednesday. Trading in China Evergrande Group was suspended in Hong Kong and bondholders of Country Garden Holdings Co Ltd said they had yet to be paid a coupon due Wednesday. The Bloomberg dollar index was steady after touching the highest level since November. The index has climbed for six sessions in a row, its longest run of advances in a year. Meanwhile, the yen strengthened slightly on Thursday but remained near 150 per dollar.
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