Pelosi's trip to Taiwan

cause global shares to slide

Wall Street is also keeping a close eye on the growing tensions between the US & China. House Speaker Nancy Pelosi of the US may visit Taiwan

Investors are also keeping an eye on Tuesday's US-China ties, as Pelosi is likely to meet with Taiwanese officials over China's concerns.

TOKYO, Japan (AP) – Global stocks were generally down on Tuesday, as Beijing threatened a visit to Taiwan by US House Speaker Nancy Pelosi.

Government bond prices in the United States fell Tuesday morning as investors anticipated new job statistics and watched U.S. House Speaker Nancy Pelosi's travel to Asia.

In early trade, France's CAC 40 down 0.5 percent to 6,406.15, while Germany's DAX fell 0.7 percent to 13,388.26. The FTSE 100 in the United Kingdom rose by less than 0.1 percent to 7,416.42.

The broader market was heavily weighted by expensive technology firms and banks. Microsoft dropped 1.8 percent, and JPMorgan Chase dropped 1.1 percent. Utilities improved.

European stocks were generally down in early trade, after Asian benchmarks were mostly down. The S&P 500 futures fell 0.6%, while the Dow industrials fell 0.4%.

The yield on the benchmark 10-year Treasury note increased to 2.68% about 11:15 a.m. ET, while the yield on the 30-year Treasury bond increased slightly to 2.953%. Yields move in the opposite direction of prices.

The developments come at a time when many investors are wondering whether the Federal Reserve would have to halt the rate of monetary tightening, given that multiple economic indicators indicate that the US economy is faltering.

China considers Taiwan to be its own territory and has frequently warned of "severe repercussions" if the rumoured visit to the island democracy takes place.

Pelosi has stated that she will travel to Singapore, Malaysia, South Korea, and Japan for meetings on a number of issues, including trade, COVID-19, climate change, and security.

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