US sharemarkets fell sharply as US Treasury yields surged to multi-year highs, weighing on investor sentiment. Interest-rate sensitive shares fell with Procter & Gamble (-1.3%) among the poorest performers. Shares of Apple (-1.8%) and Amazon (-2.2%) fell on cybersecurity concerns as both companies denied a Bloomberg report their systems had been infiltrated by malicious computer chips inserted by Chinese intelligence. And chipmakers Micron (-2.2%) and Nvidia (-2.6%) shares fell after ...
US sharemarkets fell sharply as US Treasury yields surged to multi-year highs, weighing on investor sentiment. Interest-rate sensitive shares fell with Procter & Gamble (-1.3%) among the poorest performers. Shares of Apple (-1.8%) and Amazon (-2.2%) fell on cybersecurity concerns as both companies denied a Bloomberg report their systems had been infiltrated by malicious computer chips inserted by Chinese intelligence. And chipmakers Micron (-2.2%) and Nvidia (-2.6%) shares fell after Deutsche Bank reduced its 2019 earnings forecasts. The Dow Jones index finished lower by 200 points or 0.8% after being down by 356 points during the session. The S&P 500 index was down by 0.8% and the Nasdaq index fell 145 points or 1.8%.
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