India, Sept. 24 -- Asian stocks retreated on Thursday, even as Japan's stocks rose notably as Tokyo markets reopened after a three-day holiday.
A cautious undertone prevailed after oil prices rose sharply overnight and U.S. bond yields jumped to their highest levels in nearly two decades on inflation concerns stemming primarily from surging global energy prices amid the prolonged Middle East conflict.
The U.S. dollar index clung to a two-month high as a strong manufacturing reading prompted traders to reprice their rate-hike bets.
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