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Asian stocks slide, bond yields depressed as recession worries weigh

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Wave of weak US data fuels slowdown fears.

U.S. Nasdaq E-mini futures pointed to a 0.45% lower restart, after the tech stock benchmark slumped 1% overnight. E-mini futures for the broader S&P 500 indicated a 0.24% decline at the reopen, extending Wednesday's 0.25% slide.

"Cracks have started to appear in the U.S. economic data this week, and slowdown fears are re-emerging," spurring investors to sell riskier assets and shift to safer assets, including Treasuries and the dollar, IG analyst Tony Sycamore wrote in a client note. Treasury yields have fallen as a result. The 10-year note yielded around 3.30% in Tokyo, sticking close to the nearly seven-month low of 3.266% reached overnight.

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