Asian stocks fell on Wednesday due to rising bond yields and Trump’s interest in acquiring Greenland. Spot gold hit a record high above $4,800 an ounce on fears of offshore U.S. asset selling. Oil prices dropped over 1% on oversupply concerns. Japanese markets closed lower as bond yields hit all-time highs. South Korean exports rose 14.9% in January, pushing Seoul stocks to a record high. Australian and New Zealand markets closed lower. U.S. stocks tumbled on inflation fears and trade uncertainty, with the S&P 500 dropping 2.1%, the Dow falling 1.8%, and the Nasdaq plunging 2.4%.

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