Asian stocks slide, oil climbs on Russia sanctions: Markets wrap

Stocks and bonds slid in Asia following Friday’s stronger-than-expected US jobs data, while oil climbed to a four-month high as a fresh wave of US sanctions on Russia threatened to crimp supplies.

MSCI’s index of regional equities headed for a fourth day of declines as the US payroll numbers damped bets on further Federal Reserve interest-rate cuts. US equity futures pointed to further losses on Wall Street after the S&P 500 fell 1.5% on Friday. Japanese markets are shut for a holiday, meaning there’s no trading in cash Treasuries in Asia.