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Subject Asian Stocks Slump As US Recession Fears Grip Markets

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Original Message Shares in Asia Pacific have slumped after a key market indicator flashed an “amber warning” that the United States could be heading for a recession.

Bond yields also continued to fall across the world with Australian 10-year treasury yields falling to a record low on Monday of 1.756% in what analysts see as a strong indicator of a downturn hitting the resource-rich country.

Stocks were also under pressure in Sydney with the ASX200 benchmark index closing down 1% to a four-week low.

[link to www.theguardian.com (secure)]

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