A pedestrian walks past an electronic quotation board showing stock prices for the Tokyo Stock Exchange in Tokyo on June 16, 2020.
Kazuhiro Nogi | AFP | Getty Images
The Cosby In South Korea it lost 1.34% and the KOSDAQ index fell 1.67%. South Korean win – win It crossed the 1,390 mark against the dollar and was last traded at 1,391.98 against the dollar, near the weakest levels since March 2009.
MSCI’s broadest index of Asia Pacific shares outside Japan is down 2.28%.
The two-year US Treasury yield also reached 3.79%, Highest level since 2007. The Dow Jones Industrial Average lost 1,276.37 points, or 3.94%, to close at 3,1104.97 points. The S&P 500 fell 4.32% to 3,932.69, and the Nasdaq Composite lost 5.16% to end the session at 11633.57.
“Perhaps the most worrying thing in all of this is that the strength in core inflation is largely due to categories driven by the service sector,” Ray Atrell, head of FX strategy at National Australia Bank, said in a note, adding that the sector is wage inflation. in the first place. -Move it.
– CNBC’s Jeff Cox, Jesse Pound and CNBC’s Carmen Reink contributed to this report.
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