Published 1 year ago

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.

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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

1 year 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

1 year 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.

1 year 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…

1 year ago·Colorado Springs, United States

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The Epoch Times

World Shares Sharply Lower After Wobbly Day on Wall Street

TOKYO—World shares tumbled Wednesday after a wobbly day on Wall Street as markets churned over the prospect of a possible recession. U.S. futures and oil prices declined and China’s yuan weakened sharply. Trading has been volatile since the Dow Jones Industrial Average followed other major U.S. indexes into a bear market earlier this week. In early trading, Germany’s DAX lost 1.3 percent to 11,983.29 and the FTSE 100 in London was also down 1.3 …

1 year ago·New York, 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.…

1 year ago·Tacoma, United States

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