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Asian shares sink, Tokyo down 4% after tech rout on Wall St
1 month ago - By Chron
BANGKOK - Asian shares skidded Friday, with Tokyo's benchmark dropping 4% after rising bond yields triggered a broad sell-off on Wall Street that handed the Nasdaq composite index its steepest one-day loss since October.
Tokyo, Hong Kong and Sydney all fell 2% or more in early trading Friday.
The tech-heavy Nasdaq shed 3.5% on Thursday while the S&P 500 dropped 2.4%, led lower by heavy selling in technology and communications companies.
The sell-off gained momentum when the yield on the 10-year U.S. Treasury note moved above 1.5%, a level not seen in more than a year and far above the...
Read more ...Asian shares sink after tech rout pulls Nasdaq 3.5% lower
1 month ago - By Stl Today
BANGKOK - Asian shares skidded Friday after rising bond yields triggered a broad sell-off on Wall Street that erased the markets gain for the week and handed the Nasdaq composite index its steepest loss since October.
Read more ...
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