Stocks, dollar sink, bonds pummelled again as trade war roils markets [Yahoo! Finance Canada]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance Canada
The selloff in U.S. Treasuries picked up pace during Asian hours, with the 10-year note yield rising to 4.475%, gaining over 40 basis points in the week, the biggest increase since 2001, LSEG data showed. Analysts and investors across the globe have pointed to this week's sharp sell-off in Treasuries and weakness in the dollar as evidence that confidence in the world's biggest economy has been shaken. "There's clearly an exodus from U.S. assets. A falling currency and bond market is never a good sign," said Kyle Rodda, senior financial markets analyst at Capital.com. "This goes beyond pricing in a growth slowdown and trade uncertainty." In Asia, Japan's Nikkei tumbled 4.5% on the day, while stocks in South Korea fell 1.7%. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.5% lower. U.S. futures for S&P 500 and Nasdaq fell about 1% each after a sharp drop overnight. [.N] "The short-term outlook for global risk assets remains uncertain given growth and inflatio
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