World stocks fall on rout in global bond markets
Asian shares fell by the most in nine months with European shares opening in the red
26 February 2021 - 12:37
London — Global stocks fell on Friday, with Asian shares down by the most in nine months, as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets.
MSCI’s emerging-markets equity index suffered its biggest daily drop in nearly 10 months and was 2.7% lower, while European shares opened in the red, with the Stoxx 600 down 0.7%, recovering from heavier losses earlier in the session...
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