With the continued emphasis on interest rate hikes in the Fed minutes in the coming months, sales in stock markets accelerated and yields in bonds increased.
While there were serious losses in all Asia Pacific indices, the Hang Seng index, which fell by 3.2 percent for a while, is watching with a 3 percent depreciation.
Japan’s Topix was down 1.4 percent and the Australian S&P/ASX 200 was down 1.3 percent. Futures on the US Stock Exchanges, which experienced a moderate loss on Wednesday, point to an acceleration in selling.
S&P 500 futures are down 0.4 percent. Yields on US bonds increased across all maturities. The two-year yield is 4.96%.