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Global Markets: Stocks drop as falling U.S. yields, trade worries hit mood

Reuters  |  TOKYO 

By Shinichi SaoshiroTOKYO (Reuters) - Asian stocks slid on Wednesday, dragged down by Wall Street's tumble as sharp declines in long-term U.S. Treasury yields and resurgent trade concerns stoked investor worries about global economic growth.Global equities have been shaken as a flattening U.S. Treasury yield curve fans worries about a recession, and on growing doubts that Washington and Beijing will be able to clinch a substantive trade deal during a temporary cease-fire agreed at the weekend.MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.35 percent.Hong Kong's Hang Seng ...

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First Published: Wed, December 05 2018. 09:36 IST
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