
Global stocks routed as inflation fears dominate
CNN
Global stocks tumbled Friday as a sharp bond selloff encouraged investors to dump riskier assets.
Asian markets followed US stocks lower. Japan's Nikkei 225 (N225) tumbled 4%, while Hong Kong's Hang Seng Index (HSI) closed down 3.6% — that index's worst day in nine months. South Korea's Kospi (KOSPI) dropped 2.8%, while China's Shanghai Composite Index (SHCOMP) lost 2.1%. European stocks also dropped sharply in early trading. The FTSE 100 (UKX) shed 0.8% in London, while Germany's DAX (DAX) and France's CAC 40 (CAC40) declined by more than 1%.More Related News

It was almost an extraordinary scene in front of the White House. As Tesla shares have been tanking since the year began, President Donald Trump held remarks outside of the White House with the company’s CEO and Department of Government Efficiency Head Elon Musk – all in front of a line of shiny Tesla vehicles.