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Will Wall Street’s overnight tumble send ASX 200 shares down today? – The Motley Fool Australia
Rising bond yields push the US market lower overnight with tech shares bearing the brunt of the selloff. Are ASX 200 shares set to follow?
The S&P/ASX 200 Index (ASX: XJO) is down 1.85% at 6707 points in early trade today as US indices were sold off overnight across the board.
The S&P500 (INDEXSP: .INX) closed 2.45% lower, the Dow Jones Industrial Average (INDEXDJX: .DJI) was down 1.75%, and the Nasdaq Composite (INDEXNASDAQ: .IXIC) was hit the hardest, down 3.52%.
What’s driving the selloff?
Long term US interest rates, otherwise known as bond yields, have continued to push higher, briefly touching 1.60% last night.
The initial…
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