TOKYO -- A sharp rise in Italian bond yields on Wednesday shook global financial markets. Investor anxiety over holding risky assets first emerged in Europe before spreading to the U.S. and subsequently Asia.
Capital Markets
Italian bond rise prompts Asian investors to ditch risky assets
Benchmark indexes in China, South Korea and Malaysia dip over 2%
Tokyo's benchmark Nikkei 225 Index fell by 400 points on May 30. (Photo by Wataru Ito)
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