Investors ditched shares on Monday and fled to the safety of bonds as risk asset...
SYDNEY - Investors ditched shares on Monday and fled to the safety of bonds as risk assets fell out of favor on growing fears of a U.S. recession, sending global yields plunging.
Japan’s Nikkei hit a five week low after diving 3.1 percent for its largest one-day percentage fall since late December. South Korea’s Kospi index declined 1.7 percent while Australian shares faltered 1.1 percent.Concerns about the health of the world economy heightened last week after cautious remarks by the U.S. Federal Reserve sent 10-year treasury yields to the lowest since early 2018.
Compounding fears of a more widespread global downturn, manufacturing output data from Germany showed a contraction for the third straight month. In the United States, preliminary measures of manufacturing and services activity for March showed both sectors grew at a slower pace than in February. Some analysts, such as ING’s Rob Carnell, advised against rushing to place bets on the yield inversion.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks Edge Lower Amid Economic WorryGlobal stocks turned lower as investors weighed fresh signs of sluggish economic growth, with Wall Street projected to fall at the open.
Read more »
Why is the Dow falling? Banks and tech stocks drag down market on Wall StreetU.S. stocks moved broadly lower on Wall Street Friday, dragged down by banks and industrial companies.
Read more »
Stock Market Rally Trips on Global Growth FearsGlobal stocks and bond yields are facing fresh pressure as a recent soft patch in data spurs debate over whether the global economy is in the midst of a temporary dip, or headed toward a more serious downturn.
Read more »
Shares in Japan tumble as concerns over global economy weighShares in Japan sold off sharply on Monday morning as investors grappled with concerns over the global economy.
Read more »
Global stocks wilt as Fed shift sparks stampede into bondsEuropean shares wilted and there was a stampede into bonds on Thursday, after th...
Read more »
Saudi Arabia's stock exchange makes its debut on global emerging markets indexesThe inclusion marks a continuation of efforts by the Saudi kingdom to open up its market to international investors.
Read more »
The stock market rally got mugged by economic realities and a global slowdownThe bull narrative is running up against reality. If this weak global economic growth stays with us, it means stocks are pricey at this level.
Read more »
Stock indexes slide lower as economic growth worries spread
Read more »
Stocks, Bond Yields Fall Amid Anxiety Over World EconomyGlobal stocks and bond yields slid as weak manufacturing data deepened investors’ anxiety about the health of the world economy. In one warning sign, a closely watched yield curve inverted for the first time since 2007.
Read more »
This survey of global investors is useful because it often pays to do the opposite of the crowdBank of America Merrill Lynch's survey of roughly 200 global fund managers is often a contrarian indicator.
Read more »