Stocks in the US, Europe tumbled yesterday and Asia securities fell sharply today following suit.
Wall Street closed sharply lower on Wednesday, led by a plunge in tech shares, as Treasury yields continue to rise. The Dow lost 832 points and the S&P 500 went down 95 points, the biggest one-day drop since February. The Nasdaq sank 316 points, the worst fall since June of 2016. The slide is more than 3%.
Stocks in Europe closed in the red on Wednesday, tracking losses in Wall Street, as investors remain cautious amid rising yields and global growth prospects. The DAX 30 lost 265 points or 2.2% to 11713, the lowest close since February 10th, 2017; the FTSE 100 dropped 92 points or 1.3% to 7146; the CAC 40 declined 112 points or 2.1% to 5206; the FTSE MIB went down 343 points or 1.7% to 19719; and the IBEX 35 closed 98 points or 1.1% lower at 9163.
Asia markets fell sharply on Thursday after Wall Street suffered their worst sell-off in eight months overnight. The Shanghai Composite index tumbled 5.7%, the Hang Seng index dropped 3.9%, the Nikkei 225 index dropped 3.9%, and Sydney’s S&P/ASX was down 2.7%.
Sources: Bloomberg, TRADING ECONOMICS