Asian stock markets fell across the board on Thursday as fears of a recession drove bond yields around the world down, overwhelming the appeasement voices of central banks.
Britain's withdrawal from Europe has once again frustrated the pound, after a vote in the British Parliament failed to propose any new withdrawal plans.
Reuters reported that progress had been made in all areas discussed in the U.S. -China trade negotiations, but the report did not have a significant impact because of differences between the two sides and the lack of a specific time frame for reaching a trade agreement.
The MSCI Mingsheng Asia-Pacific (excluding Japan) index fell 0.3%, the Korean Composite Stock Index (KOSPI). KS11 fell 0.7%, and the Shanghai and Shenzhen 300 index of China stock market fell 0.3%.
Nikkei index. N225 fell 1.7%. U.S. stocks also failed, with E-Mini S&P 500 index futures falling 0.5%.
The yield on 10-year U.S. Treasury bonds fell to a 15-month low of 2.34%, heightening fears that the upside-down curve of U.S. Treasury bond yields is predicting a recession.
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