Global Stocks Tumble Amid Rising Treasury Yields

Global stocks experienced a decline for a third consecutive session, with significant losses on Wall Street as elevated U.S. Treasury yields prompted profit-taking. The benchmark 10-year Treasury yield rose above 4.5%, following the Federal Reserve's indication of a slower rate cut path, raising concerns over stock valuations. Major U.S. indexes fell more than 1%, with all sectors of the S&P 500 in the red, reflecting investor uncertainty amidst potential inflationary policies from the incoming Trump administration. European and Asian markets also dropped, influenced by thin trading volumes and concerns over international trade dynamics for 2025. Additionally, reports of a tragic plane crash involving Jeju Air exacerbated market jitters, with its stock plunging significantly. Despite the recent downturn, Asian markets have shown resilience throughout the year, buoyed by easing monetary policies and optimism surrounding technology stocks.