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Stocks Slide but Little Demand for Safe Havens
The sell-off in US shares yesterday has triggered sharp global losses today, and there is no flight into fixed income as benchmark yields are higher across the board. Nor is the dollar serving as much as a safe haven. It is mostly softer against the major currencies. Japan and Taiwan led the Asia Pacific equity markets lower. Chinese shares stand out with a recovery in late turnover in the region to allow a higher close. In Europe, the Dow Jones Stoxx 600 is flirting with a 2% drop, which would be the largest this year, and in the US, the sell-off is continuing, and the S&P 500 and NASDAQ are poised to gap lower at ... (full story)
