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Live News: Asian Markets Follow Wall Street Declines Due to Threat of Slow Global Growth

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Global stocks on Monday suffered the worst one-day decline since the first months of the coronavirus pandemic in 2020, when investors are worried about signs of slowing in major world economies at a time when central banks are holding back measures to stimulate the crisis.

The global barometer of global FTSE shares fell 3 percent, the sharpest drop since June 2020, and reached its lowest level since December 2020.

Concerns about rising rates are exacerbated by signs that growth in the world’s major economies may be slowing. Last month, Chinese export growth fell to its lowest level in two years data published on Monday, accompanied by reports last week indicating a slowdown in Germany and France manufacturing sectors.

The S&P 500 with blue Wall Street chips fell 3.2 percent and the Nasdaq Composite technology fell 4.3 percent. The European regional index Stoxx 600 fell 2.9 percent, while China’s CSI 300 fell 0.8 percent and Tokyo’s Topix fell 2 percent.

Brent crude, an international benchmark oil, fell nearly 6 percent to $ 105.94 a barrel, reflecting concerns about declining demand.

Natural gas futures fell even more than crude oil when Henry Hub’s first-month contract in the U.S. fell more than 12 percent in the afternoon to just over $ 7 per million British thermal units.

U.S. government bonds were initially under pressure to sell on Monday, pushing 10-year U.S. Treasury bond yields above 3.2 percent. Yields rise when prices fall. However, later in the day, debt increased, bringing yields to about 3.03 percent, down 0.1 percentage points.

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