Global Market Selloff Deepens: Asian Shares Tumble, Bond Rout Sparks Anxiety
Business
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Moneycontrol•21-01-2026, 07:21
Global Market Selloff Deepens: Asian Shares Tumble, Bond Rout Sparks Anxiety
- •Asian shares extended losses for a third session, driven by U.S. threats over Greenland and a global bond rout.
- •Wall Street tumbled over 2% overnight, and the U.S. dollar saw its biggest fall in over a month due to "Sell America" fears.
- •Investors sought safety in gold and silver, both reaching record highs amidst market uncertainty.
- •Trump's rhetoric on Greenland and threats of European tariffs reignited global trade war fears, prompting an EU emergency summit.
- •Japanese government bond yields surged to record highs due to worries over increased government spending, though a slight retreat was seen.
Why It Matters: Global markets are in turmoil, driven by geopolitical tensions, bond selloffs, and fears of a U.S. asset exodus.
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