A decline in major indices on global stock markets has continued.
“Elchi” reports that in the US, the Dow Jones index fell by 419.02 points or 0.79% to 52,766.88 points, the S&P 500 dropped by 54.67 points or 0.71% to 7,631.47 points, and the Nasdaq Composite decreased by 271.12 points or 1.03% to 26,099.77 points. The NYSE Composite fell by 0.46% to 24,349.28 points, and Canada’s S&P/TSX Composite index declined by 1.23% to 35,825.73 points.
In Europe, the Euro Stoxx 50 fell by 0.80% to 6,368.98 points, the UK’s FTSE 100 index dropped by 0.32% to 10,789.28 points, and Germany’s DAX index decreased by 1.10% to 25,970.11 points. France’s CAC 40 index fell by 0.39% to 8,301.85 points, and Spain’s IBEX 35 index declined by 0.75% to 19,824 points.
In the Asia-Pacific region, the decline was more severe. Japan’s Nikkei 225 index fell by 2.75% to 64,394.94 points, and the TOPIX dropped by 2.16% to 4,091.58 points. Hong Kong’s Hang Seng index decreased by 1% to 25,076.73 points, China’s CSI 300 index fell by 1.25% to 4,553.99 points, and Australia’s S&P/ASX 200 index declined by 1.22% to 8,955.70 points.
The decline in stock markets is attributed to the renewed escalation of military conflict between the US and Iran, rising oil prices, and an increase in bond yields. Following the US’s new strikes on Iran, the rise in oil prices has increased concerns regarding inflation. The yield on 10-year US Treasury bonds has exceeded 4.8%, reaching its highest level in recent years.