Publishing date: Jul 27, 2021 • 19 hours ago • 3 minute read •
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LONDON World stocks fell on Tuesday after investors sold Chinese internet giants for a third straight day, while real U.S. bond yields hit record lows on worries about the economic outlook ahead of a Federal Reserve meeting.
The Hang Seng Tech index slid almost 8%, plumbing its lowest since its inception in July 2020 and losing 17% in three days.
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Big decliners included Meituan and Alibaba , with investors expecting the companies’ food delivery arms to be affected by new regulations guaranteeing workers above minimum pay.
China tech selling hits stocks, real yields fall before Fed
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Euro zone bond yields fall, real yields at fresh lows
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UPDATE 2-Reflation trade sends German yields to new eight-month high Reuters 2/18/2021 Euro zone periphery govt bond yields http://tmsnrt.rs/2ii2Bqr (Add details, updates prices)
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By Danilo Masoni and Yoruk Bahceli
MILAN/AMSTERDAM, Feb 18 (Reuters) - Euro zone bonds extended their slide on Thursday, with German yields hitting a new eight-month high after a hefty sell-off earlier in the week driven by expectations of rising inflation.
Expectations of economic recovery from the COVID-19 downturn and fiscal stimulus in the United States have caused a surge in global bond yields, led by U.S. Treasuries, in recent sessions.