Global Markets: US, Asian markets continue with losses
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Choppy trading continued in the global markets. US stocks finished lower on Wednesday, as rising Treasury yields made investors increasingly nervous.
The Dow fell 19.42 points, while the S&P 500 lost 13.48 points, or 0.50 percent, the Nasdaq Composite on the other hand dropped 63.90 points, or 0.9 percent. The US ten-year note yields reached 2.885 percent on Monday, the highest since January 2014. That has been piling selling pressures on Wall Street for the past few days. The emerging markets followed that loss, but the European stocks regained some appeal in early trading on Thursday, the pan-European FTSEurofirst 300 index rose 2.02 percent and MSCI's gauge of stocks across the globe gained 0.06 percent. Meanwhile oil prices also fell 2 percent to a one-month low after US inventory data fueled fears of oversupply. As for the currency market, the U.S. dollar made its biggest one-day gain in more than three months against a basket of currencies.