World Shares Extend Losses Wednesday   09/02 05:01

   World shares tumbled Wednesday after stocks slipped on Wall Street and as a 
global bond market sell-off deepened.

   HONG KONG (AP) -- World shares tumbled Wednesday after stocks slipped on 
Wall Street and as a global bond market sell-off deepened.

   The future for the S&P 500 lost 0.3% and that for the Dow Jones Industrial 
Average was down 0.1%.

   In early European trading, Britain's FTSE 100 shed 0.6% to 10,726.68. 
France's CAC 40 fell 0.4% to 8,260.77, while Germany's DAX lost 0.6% to 
25,798.01.

   In Asia, Tokyo's Nikkei 225 dropped 2.9% to 64,325.64. Market heavyweight 
SoftBank Group, the Japanese multinational investment holding firm which 
invests in OpenAI, fell 6.4%.

   South Korea's Kospi lost 4% to 6,562.72 on renewed selling of computer 
chipmakers. Samsung Electronics declined 4%, while memory chipmaker SK Hynix 
fell 4.7%.

   Hong Kong's Hang Seng slipped 0.1% to 25,311.21. Shein, the fast-fashion 
online retail giant that made its Hong Kong trading debut on Tuesday, fell 
5.2%. The Shanghai Composite index slid 1% to 3,941.39.

   Australia's S&P/ASX 200 fell 1% to 8,978.40.

   Taiwan's Taiex dropped 1.7%, and India's Sensex fell 0.6%.

   On Tuesday, Wall Street's benchmark S&P 500 slipped 0.7%. The Dow 
industrials dropped 0.8%, and the technology-heavy Nasdaq composite fell 1%. 
The U.S. on Tuesday reported job openings grew slightly in July.

   Among some of the biggest decliners, Nvidia dropped 1.5%, Amazon gave up 
1.9% and Advanced Micro Devices, or AMD, fell 2.4%.

   Oil prices advanced after the U.S. launched another round of military 
strikes on Iran and Iran responded by firing missiles and drones across the 
region.

   Since the Iran war passed its six-month mark, escalating tensions between 
the U.S. and Iran have worsened worries over energy supplies. The Strait of 
Hormuz, an important waterway for oil transport, remains largely closed.

   Brent crude, the international standard, was trading at $94.90 per barrel, 
up 0.1%. It was trading at around $72 a barrel before the start of the war in 
late February.

   Benchmark U.S. crude was 0.2% higher at $90.34 a barrel.

   Elevated inflation and growing government debt are helping drive bond yields 
higher as investors demand increased returns due to increased risks. Bond 
prices fall when bond yields rise, in an inverse relationship.

   The yield of the 10-year U.S. Treasury rose to around 4.81% from 4.75% on 
Monday. It was as low as 4.20% in January.

   The 2-year Treasury yield, which tracks Federal Reserve interest rate moves 
more closely, was at about 4.40%, up from 4.34% on Monday. That's compared to 
roughly 3.50% back in early 2026.

   Japan's 10-year government bond yield was at around 3.02% early Wednesday, 
its highest since 1996 and up from around 2.94% on Monday.

   The U.S. dollar fell to 159.84 Japanese yen from 160.17 yen. The euro was 
trading at $1.1571, down from $1.1593.