Stock markets across Asia fell Monday and Japanese bond yields slid further into negative territory, feeding into a global risk selloff that started late last week.
Japan’s Nikkei 225 index was down 3.2% in late morning trading, while South Korea’s Kospi and Hong Kong’s Hang Seng Index were 1.7% lower. Market participants pointed to worrisome signs of a slowdown in global growth and a sharp drop in U.S. Treasury yields on Friday.
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