World shares have tumbled following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks.
A currency trader watches monitors near the screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, Oct. 19, 2023. Shares tumbled in Asia on Thursday following a retreat on Wall Street after big U.S. companies delivered mixed profit reports and Treasury yields added pressure on stocks.
Tokyo's Nikkei 225 index lost 1.9% to 31,430.62. The Kospi in Seoul lost 1.9% to 2,415.80 as the Bank of Korea left its key interest rate unchanged. Brent crude, the international pricing standard, fell $1.37 to $90.13 per barrel. It climbed $1.60 on Wednesday. The sharp jump in yields followed a report by the Treasury Department showing Chinese investors sold off the most U.S. bonds and stocks in four years in August.
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