(Bloomberg) -- Stocks fell around the world and U.S.
Treasuries rallied on concern higher borrowing costs will slow
takeovers, spur debt defaults and curb earnings, prompting
investors to flee riskier assets.
The Standard & Poor's 500 Index fell to its lowest in a
month, while Europe's Dow Jones Stoxx 600 Index dropped 1.8
percent, its biggest retreat since March. Benchmark stock indexes
in Brazil, Mexico, Argentina, Korea, Poland, Russia and Turkey
fell more than 2 percent.
Read more at Bloomberg Stocks News
Treasuries rallied on concern higher borrowing costs will slow
takeovers, spur debt defaults and curb earnings, prompting
investors to flee riskier assets.
The Standard & Poor's 500 Index fell to its lowest in a
month, while Europe's Dow Jones Stoxx 600 Index dropped 1.8
percent, its biggest retreat since March. Benchmark stock indexes
in Brazil, Mexico, Argentina, Korea, Poland, Russia and Turkey
fell more than 2 percent.
Read more at Bloomberg Stocks News
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