World Stocks Fall as U.S.-Iran Strikes Lift Brent to $95 and Push 10-Year Yields Higher
Updated
Updated · Yahoo Finance · Sep 2
World Stocks Fall as U.S.-Iran Strikes Lift Brent to $95 and Push 10-Year Yields Higher
3 articles · Updated · Yahoo Finance · Sep 2
Summary
Fresh U.S. strikes on Iranian targets near the Strait of Hormuz and Tehran's retaliation against U.S. assets drove a broad risk-off move, sending world stocks lower and extending Tuesday's selloff.
Brent crude rose 0.6% to $95.18 a barrel — a five-week high — as traders priced in supply disruption risks, reviving inflation fears already pressuring bond markets.
U.S. 10-year Treasury yields climbed near a three-year high of 4.8182%, while Japan's 10-year yield stayed above 3%, tightening financial conditions and weighing on equities from Asia to Europe.
South Korea's KOSPI fell almost 4%, the Nikkei lost 2.9% and the STOXX 600 slipped 0.3%, while Wall Street futures pointed to another weak open after one-month lows.
Fed expectations added to the strain: traders now see roughly a two-in-three chance of a 25-basis-point hike this month, up from 37% a week ago, supporting the dollar and deepening pressure on risk assets.