· Shares in Europe were marginally higher on Wednesday morning as investors monitored surging interest rates in the bond markets.
The pan-European Stoxx 600 was 0.14 percent higher with the various sectors moving in different directions. Basic resources led the gains up by nearly 1 percent, closely followed by telecoms.
· Asian stock markets dipped on Wednesday after Pyongyang abruptly called off talks with Seoul, throwing a U.S.-North Korean summit into doubt, while surging bond yields revived worries about faster U.S. interest rate hikes that could curb global demand.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.1 percent as Pyongyang’s move appeared to mark a break in months of warming ties between North and South Korea and with Washington.
· Japanese stocks edged lower on Wednesday as sentiment was knocked by a surge in U.S. Treasury yields to seven-year highs and after Pyongyang called off talks with Seoul, throwing a major U.S.-North Korean summit into question.
The Nikkei ended 0.4 percent lower to 22,717.23.
· China stocks edged lower on Wednesday, as renewed worries over North Korea and surging U.S. bond yields dampened sentiment in Asian markets, while investors await news from a second round of U.S.-China trade talks in Washington this week.
The blue-chip CSI300 index fell 0.8 percent, to 3,892.84, while the Shanghai Composite Index lost 0.7 percent to 3,169.57 points.
Reference: Reuters, CNBC
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