Global stock markets closed in red on Tuesday (Sept. 28). United States (US) stocks sharply dropped as a spike in Treasury yields dragged tech shares down. The yield on the 10-year Treasury topped 3-months highs of 1.5%, the highest since June 17, after the Federal Reserve (Fed) signaled last week it could start reducing asset purchases as soon as November while lowering growth forecasts and rising inflation projections.
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