Asian markets slide as Treasury yields, oil prices weigh

Asian markets fell Tuesday, tracking a Wall Street sell-off driven by rising U.S. Treasury yields and high oil prices. Investors are now awaiting key U.S. economic data. The declines across major Asian equity markets follow overnight weakness on Wall Street, with sustained high oil prices and climbing Treasury yields denting investor confidence. Market participants are shifting focus to upcoming U.S. macro releases. Key data due includes Wednesday's PCE inflation reading and jobs figures, which will guide expectations on the Federal Reserve's rate trajectory. These releases are expected to impact both equity and currency movements.