Asian stocks plunged on Tuesday after a record-breaking loss on Wall Street, extending a global rout as panicked investors fret over rising US borrowing costs<\/p>\n
and cash in profits after months of market euphoria.<\/p>\n
Tokyo led a collapse throughout the region in early trade, diving more than five per cent, while Hong Kong was down almost four per cent at one point and<\/p>\n
Sydney sank three per cent.<\/p>\n
Dealers tracked their colleagues in New York, where the Dow suffered its worst points fall in history, wiping out all its 2018 gains, while the S&P 500 also took a<\/p>\n
beating to sit down for the year.<\/p>\n
The heavy selling comes after months of surges fuelled by optimism over the US economy, corporate earnings and the global outlook. While traders have been<\/p>\n
piling into equities, pushing
\nmany global indexes to record or multi-year highs, there has been growing concern on trading floors about elevated US Treasury bond yields — at four-year<\/p>\n
highs — and the likelihood of fresh Federal Reserve interest rate hikes.<\/p>\n
The so-called Vix “fear” index more than doubled in US trade.<\/p>\n
Sensex and Nifty opened in red. Sensex was at 33,724.30 – down 2,97% while Nifty was at 10,353.70 – down 2.93%. Among other Asian markets Singapore<\/p>\n
was 2.3 per cent off, Seoul dived three per cent, Taipei lost 3.7 per cent, Manila plunged 2.7 per cent and Shan ghai gave up 2.1 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Asian stocks plunged on Tuesday after a record-breaking loss on Wall Street, extending a global rout as panicked investors fret over rising US borrowing costs and cash in profits after months of market euphoria. Tokyo led a collapse throughout the region in early trade, diving more than five per cent, while Hong Kong was down […]<\/p>\n","protected":false},"author":1,"featured_media":21084,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-21083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/21083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=21083"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/21083\/revisions"}],"predecessor-version":[{"id":21085,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/21083\/revisions\/21085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/21084"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=21083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=21083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=21083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}