Hong Kong - Global selloffs in stocks and bonds resumed on Monday, while commodities slumped amid concern central banks in the world’s biggest economies are questioning the benefits of loose monetary policy.
Shares in Europe and Asia dropped by the most since the aftermath of Britain’s June vote to leave the European Union, and futures foreshadowed declines in US equities. Portugese debt led losses among euro-area bonds, while yields in Australia and New Zealand climbed to their highest levels of the quarter.
Oil sank to about $45 a barrel as nickel tumbled the most in four weeks. The yen strengthened and South Korea’s won tumbled.