The Asian markets tracked the US equity markets into negative territory. The Middle East conflict continued to weigh on market risk appetite. Fears of a wider regional conflict impacted the US equity markets on Friday.
A pullback in 10-year US Treasury yields failed to calm the markets, with yields remaining elevated by historical standards.
On Friday, the Dow fell by 0.86%, with the Nasdaq Composite Index and S&P 500 seeing losses of 1.53% and 1.26%. The losses set the tone for the Monday session.
There were no Asian region economic indicators to distract investors from the Middle East conflict. Another spike in 10-year US Treasury yields added to the market gloom.
A pullback in 10-year US Treasury yields failed to calm the markets, with yields remaining elevated by historical standards.
On Friday, the Dow fell by 0.86%, with the Nasdaq Composite Index and S&P 500 seeing losses of 1.53% and 1.26%. The losses set the tone for the Monday session.
There were no Asian region economic indicators to distract investors from the Middle East conflict. Another spike in 10-year US Treasury yields added to the market gloom.
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