Asia stocks tumble by fresh Wall Street slide, safe havens in demand


Asian stocks tumbled on Friday after Wall Street shares suffered yet another big slide amid worries over rising bond yields, while perceived havens such as the yen and Swiss franc drew demand amid the turmoil. Japan's Nikkei sagged 3 percent, en route for a weekly loss of 8.6 percent. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.

8 percent. The index, which had hit a record high on Jan. 29, was on track for its sixth straight day of losses and stood to lose about 6 percent on the week. Australian.

This article is no longer available in our repository.

There could be multiple reasons for this.