SYDNEY (Reuters) – Asian share markets were painted red on Thursday as recession concerns sent bond yields spiraling lower across the globe, overshadowing central bank attempts to calm frayed nerves.
Pedestrians walk pass an electronic board showing the Japan’s Nikkei average (R) and other stock market indices outside a brokerage in Tokyo, Japan, February 29, 2016. REUTERS/Yuya Shino
Sterling was also hit by another bout of Brexit blues after a round of votes in the U.K. parliament failed to produce any plan to manage the divorce.
MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent in early trade, with South Korea off 0.7 percent.
Japan’s Nikkei fell 1.6 percent, while E-Mini futures for the S&P 500 lost 0.4 percent
On Wall Street, the Dow