· Stocks fell on Wednesday after a closely watch interest rate fell to its lowest level in more than a year as worries over a possible economic slowdown lingered.
The Dow Jones Industrial Average ended the day down 32.14 points at 25,625.59 and fell as much as 232.46 points. The S&P 500 declined 0.5 percent to 2,805.37. The Nasdaq Composite closed 0.6 percent lower at7,643.38 as a 0.9 percent gain in Apple was overshadowed by losses in Facebook, Amazon, Netflix and Alphabet.
· The benchmark 10-year rate traded at 2.386 percent and hit its lowest level since Dec. 15, 2017. Investors are keeping an eye on rates after the 10-year fell below the 3-month rate last week for the first time since2007. It is a development that investors call an inverted yield curve and is seen as an early indicator of a recession.
The U.S. Treasury yield curve has inverted before each recession in the past 50 years and has only offered a false signal just once in that time, according to data from Reuters.
· European stocks closed virtually unchanged on Wednesday, as investors took a cautious stance amid fears of a potential U.S. recession.
The pan-European Stoxx 600 provisionally closed 0.02 percent higher, with sectors mixed and most major bourses lower.
· Shares in Asia declined on Thursday morning following an overnight slip on Wall Street after the closely-watched 10-year Treasury yield touched its lowest in more than a year.
The Nikkei 225 in Japan dropped 1.78 percent in early trade as index heavyweights Softbank Group and Fanuc saw their shares tumbling by more than 2 percent. The Topix index also fell 1.73 percent.
· Meanwhile, South Korea's Kospi shed 0.89 percent as shares of industry heavyweight Samsung Electronics and chipmaker SK Hynix declined 1.32 percent and 1.91 percent, respectively.
Australia's ASX 200 slipped 0.33 percent in morning trade, as almost all sectors seeing declines.
Reference: CNBC
Thai
Eng