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Global equities tumble in wake of Wall Street rout, but pressure on U.S. eases

Barbara Kollmeyer
Global equities tumble in wake of Wall Street rout, but pressure on U.S. eases

European and Asian stocks fell sharply Thursday, taking a cue from the previous day’s Wall Street rout. U.S. stocks saw a second day of selling, but losses were moderate. The broad market selloff that extended into Asia came after investors got spooked by rising bond yields and the prospect of U.S. interest rates heading higher.