Global stocks fell due to rising US bond yields and earthquake concerns affecting Taiwan's chip industry.
Global stocks fell as investors assessed the impact of rising US bond yields on interest rate cuts from the Federal Reserve. A 7.2 magnitude earthquake in Taiwan raised concerns about potential disruptions to the chip-making industry. Taiwan's chipmaker TSMC saw its shares fall 0.9% following the earthquake. The MSCI All-World index dropped 0.1% for the third consecutive daily drop. Rising US bond yields led to a decline in equities, with the benchmark 10-year US Treasury yield reaching five-month highs.
April 03, 2024
18 Articles