Asia stocks slide on U.S. rate worries, dollar ascendant

News Snapshot:

A man works at the Tokyo Stock Exchange after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing Rights TOKYO, Sept 7 (Reuters) - Asian stocks sank on Thursday, extending global equity declines after new signs of sustained inflationary pressures in the United States boosted the case for elevated interest rates for longer. The U.S. dollar hung close to the highest since mid-March against major peers, and touched a fresh 10-month top to the yen. Long-term Treasury yields hovered near two-week highs near 4.3%. Brent crude stayed above $90 amid tightening supply, adding to inflation worries....