Asian shares have dropped significantly, while long-dated Treasuries are on track for their worst week in a year, as investors become increasingly cautious due to rising global economic concerns. The decline in Asian markets was led by a sharp fall in Chinese shares, while U.S. Treasury yields rose as investors sold off long-dated government bonds.
Tag: Global Markets
Global Markets Slump Ahead of Federal Reserve Meeting, China Shares Take a Hit
Asian stocks fell on Monday, led by a sharp decline in Chinese shares, as investors grew cautious ahead of the Federal Reserve’s policy meeting and after China’s economic data and corporate updates disappointed.