· Wall Street stocks stumbled on Thursday as U.S. Treasury yields continued their ascent to multi-year highs on the latest round of strong economic data, building concerns for an acceleration of inflation.
The Dow suffered its first decline in six sessions, while both the S&P and Nasdaq had their worst day since June 25.
The Dow Jones Industrial Average .DJI fell 200.91 points, or 0.75 percent, to 26,627.48, the S&P 500 .SPX lost 23.9 points, or 0.82 percent, to 2,901.61 and the Nasdaq Composite .IXIC dropped 145.58 points, or 1.81 percent, to 7,879.51.
· Asia markets traded in negative territory on Friday morning after a tumble overnight on Wall Street.
· The Nikkei 225 fell by 0.56 percent in the early hours of trading, while the Topix index slipped by 0.33 percent, with most sectors trading lower.
· In South Korea, the Kospi declined by 0.16 percent in the morning, despite shares of heavyweight Samsung Electronics rising by 1.34 percent after the company said its third-quarter operating profit was likely to have risen to a record high.
· Down Under, the ASX 200 slipped by 0.16 percent, with the energy sector lower by 0.85 percent. Oil and gas explorer Beach Energy, which had earlier announced the sale of a 40 percent stake in its Victorian Otway gas assets and trimmed its earnings and production guidance for fiscal year 2019, fell by 4.79 percent in the morning.
· China's markets are closed for the Golden Week holiday.
Reference: Reuters, CNBC