Global shares drop as bond yields jump on inflation worries

Image for article Global shares drop as bond yields jump on inflation worries
News Source : Yahoo Entertainment

News Summary

  • MSCI's gauge of stocks across the globe fell 17.06 points, or 1.53%, to 1,099.00.
  • Japan's Nikkei slid 1.99% after data showed wholesale inflation accelerated to 4.9% in April.
  • In South Korea the Kospi index fell more than 6% on Friday after a steep run higher.
  • In currencies, the dollar rose for its fifth consecutive day, placing it on track for its biggest weekly gain in two months.

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