Asian markets slide on Tuesday; Treasuries steady

The dollar was flat and the yen little changed. Treasury yields steadied after Monday’s slide.

Aug 13, 2019 03:08 IST India Infoline News Service

Stocks markets in Asia have take a horrible beating this year and lost as much $6.2trillion.
Asian stocks followed their US counterparts lower Tuesday as political unrest in Hong Kong and Argentina added to trade concerns and knocked sentiment. China’s 10-year bond yield fell to 3% for the first time since 2016.

Shares fell across the region led by Japan and Hong Kong, where stocks reacted to protesters bringing the city’s airport to a standstill on Monday. US futures ticked higher.

Earlier, the S&P 500 Index retreated for a second day and now sits almost 5% below its all-time high. The dollar was flat and the yen little changed. Treasury yields steadied after Monday’s slide.

Source: Bloomberg

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