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    "headline": "Asian Markets Tumble as US-Iran Conflict Drives Oil and Bond Yields Higher",
    "dek": "Asian stock markets fell sharply after US airstrikes on Iran pushed oil prices and bond yields higher.",
    "prose": "Asian stock markets slumped at the start of trading on September 2 as a bond market-induced panic spilled over into the region following renewed US attacks on Iran. [^1]\n\nThe Institute for Supply Management's US manufacturing PMI fell to 54.6 in August, down 1 point from July's 55.6 and below the market forecast of 55.2. [^2]\n\nThe Peruvian dollar opened at S/3.3630, an increase from the previous closing price of S/3.3565. [^3]\n\nUS manufacturing activity expanded at a slower pace in August compared to the previous month, with notable declines in new orders and imports. [^4]\n\nBrent crude futures rose 0.7 percent to US$95.34 a barrel after the US launched a barrage of airstrikes on Iran on September 1. [^5]\n\nMSCI's broadest index of Asia-Pacific shares outside Japan was down 0.8 percent in early trading, with South Korea's KOSPI dropping 3 percent and Japan's Nikkei 225 sinking 2.2 percent. [^6]\n\nS&P Global's final US manufacturing PMI for August was 53.9, unchanged from July, and a revision up from its flash estimate of 53.2. [^7]\n\nThe US ISM new orders index declined 3 points in August to 53.7 from the previous month. [^8]\n\nPeru's inflation rate recorded a monthly variation of 0.07% in August, down from 0.29% in July and below the 0.3% forecast. [^9]\n\nPeru's interannual inflation rate was 4.44%, higher than the 4.07% recorded a year ago and above the central bank's target range. [^10]\n\nThe US Dollar Index (DXY) rose 0.16% to approximately 99.63 points, driven by US factory sector acceleration and Middle East tensions. [^11]\n\nJob offers increased by 89,000 in July to reach 7.271 million, according to the Department of Labor's Job Openings and Labor Turnover Survey (JOLTS). [^12]",
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