Asian stocks turned lower and the dollar stood by multi-month peaks on Tuesday as a sharp sell-off in bonds and a jump in gold suggested investors are hunkering down ahead of the U.S. election.

Asian Markets Take a Hit Ahead of U.S. Election Asian stocks experienced a downturn on Tuesday as bond yields and the U.S. dollar reached multi-month highs. Gold prices hovered near record levels, signaling

Asian stocks turned lower on Tuesday while bond yields and the dollar hit multi-month highs and gold traded near record peaks as investors hunkered down ahead of the U.S. election. Benchmark 10-year Treasury yields rose three basis points in Asia to 4.