Shares in Asia are expected to face a decline as investor concerns over potential interest rate hikes in the US continue to fuel a selloff in stocks and bonds. This comes after New York stocks extended their losses on Thursday, with the Nasdaq 100 experiencing its worst three-day slide since February. Additionally, the price of Brent crude has dropped below $85 a barrel, the 10-year US bond yield is at 4.27%, and Bitcoin is trading below the 27,000-level. The Indian stock market also opened lower and ended the trading session in the red. Foreign investors have begun selling Indian equities as the rupee continues to weaken against the US dollar.
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