• Equities in Europe hit session lows before closing near the unchanged mark and U.S. stocks began to retreat after the U.S. 10-year Treasury yield crossed the 3percent mark to a high of 3.003 percent, its highest since January 2014. In addition, the two-year yield US2YT=RR touched 2.5 percent for the first time since September 2008.
Benchmark 10-year notes US10YT=RR last fell 6/32 in price to yield 2.9958 percent, up from 2.973 percent late on Monday.
• The Dow Jones Industrial Average .DJI fell 424.56 points, or 1.74 percent, to 24,024.13, the S&P 500 .SPX lost 35.73 points, or 1.34 percent, to 2,634.56 and the Nasdaq Composite .IXIC dropped 121.25 points, or 1.7 percent, to 7,007.35.
The Dow Jones Industrial Average .DJI fell 424.56 points, or 1.74 percent, to 24,024.13, the S&P 500 .SPX lost 35.73 points, or 1.34 percent, to 2,634.56 and the Nasdaq Composite .IXIC dropped 121.25 points, or 1.7 percent, to 7,007.35.
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• Markets in Asia opened lowered on Wednesday, following an overnight drop in U.S. stocks where the Dow fell more than 400 points.
• Japan's Nikkei 225 fell 0.5 percent while the Topix index was down 0.47 percent.
Shares of Takeda Pharmaceutical fell 5.73 percent after news emerged that the company increased its acquisition offer for London-listed drugmaker Shire, to about 46 billion pounds ($64 billion).
• In South Korea, the Kospi declined 0.72 percent.
Reference: Reuters, CNBC
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