Asian markets sharply lower after wobbly day on Wall Street

Summary by Ground News

The yield on the 10-year U.S. Treasury fell sharply to 3.83% from 3.95% late Tuesday. The Bank of England said it would buy U.K. government bonds following a recent sell-off. Wall Street is worried that the Fed will hit the brakes too hard on an already slowing economy and veer it into a recession.

Published 2 months ago · New York, United States

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Associated Press News

Stocks rally, bonds soar in relief after UK calms markets

NEW YORK — Stocks rallied on Wall Street to their first gain in more than a week, as some calm returned to markets around the world Wednesday after the Bank

2 months ago·United States

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abc News

Asian shares sharply lower after wobbly day on Wall Street

Asian shares have tumbled after a wobbly day on Wall Street as markets churn over the prospect of a possible recession

2 months ago·United States

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CNN

Major Asian markets drop after rocky day on Wall Street

Asian stocks fell Wednesday after another turbulent day for US markets, as investors continue to sell off amid fears of global inflation, further interest rate hikes and broader economic turmoil.

2 months ago·Atlanta, United States

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KRDO

Global markets drop after rocky day on Wall Street

By Michelle Toh and Anna Cooban, CNN BusinessAsian and European stocks fell Wednesday after another turbulent day for US markets, as investors continue to sell off amid fears of global inflation, further interest rate hikes and broader economic turmoil.The UK’s FTSE 100 Index dropped 1.6% in morning trading Wednesday, after a rocky few days that saw the value of the pound fall to an all-time low. Germany’s DAX slipped 1.7% and France’s CAC dropp…

2 months ago·Colorado Springs, United States

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MY Northwest

Asian shares sharply lower after wobbly day on Wall Street

TOKYO (AP) — Asian shares tumbled Wednesday after a wobbly day ended with mixed results on Wall Street as markets churn over the prospect of a possible recession. Tokyo’s Nikkei 225 index sank 2.1% to 26,020.56 while the Kospi in Seoul lost 2.8% to 2,161.95. In Sydney, the S&P/ASX 200 gave up 0.8% to 6,442.40. Hong Kong’s Hang Seng dropped 2.8% to 17,363.08 and the Shanghai Composite index declined 1.3% to 3,053.79. Taiwan’s benchmark dropped 2.…

2 months ago·Tacoma, United States

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