ASX Dives 1.7% as Oil Spike and Bond Yields Hammer Markets

ASX 200 futures were down 78 points or 0.9% to 8733 ahead of Friday's open, following a brutal session that wiped billions off the market in its worst day since March.

Money Moves

• Oil surges to $US109 a barrel — pushing higher as the Iran war continues to choke global crude flows, rattling energy markets worldwide
• US 10-year Treasury yield jumps 12 basis points to 4.96% — the fastest seven-month climb from below 4% in recent memory, screaming higher...