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

Crude oil prices rose to regain some of last week's sharp losses, while U.S. Treasury yields climbed and stock indexes mostly fell in Europe after finishing mixed in Asia. The rise in yields helped knock down stocks that tend to get hurt by higher interest rates,