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.