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Live news: Asia markets follow Wall Street lower on slow global growth threat

Global equities on Monday suffered their worst drop in a single day since the first months of the corona plague in 2020, with investors troubled by signs of a slowdown in the world’s major economies at a time when central banks are curbing the crisis-era incentives.

The Global Stocks’ FTSE All-World Barometer fell 3%, the sharpest fall since June 2020, And reached its lowest level since December 2020.

Concerns about rising interest rates have joined indications that growth in large global economies may slow. Chinese export growth fell to its lowest level in two years last month data Published on Monday, following reports last week pointing to a slowdown in Germany and France Production sectors.

The Wall Street Blue S&P 500 was down 3.2% and the technology-focused Nasdaq Composite was down 4.3%. Europe’s regional Stoxx 600 was down 2.9%, while China’s CSI 300 was down 0.8% and Tokyo’s Topix was down 2%.

Brent crude, the international oil index, fell nearly 6 percent to $ 105.94 a barrel, reflecting concerns about weaker demand.

Natural gas futures plummeted more than crude oil, with Henry Hub’s month-ahead contract falling more than 12 percent this afternoon in the US, to just over $ 7 per million British thermal units.

U.S. government bonds first went under selling pressure on Monday, pushing the yield on the U.S. Treasury bill to 10 years above 3.2 percent. Yields rise as prices fall. However, the debt rose later in the day, dropping the yield to around 3.03 percent, A decrease of 0.1 percentage points per day.

Read more about today’s market moves Here.

Live news: Asia markets follow Wall Street lower on slow global growth threat Source link Live news: Asia markets follow Wall Street lower on slow global growth threat

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