(Aug 16): Stocks in Asia looked set to drop after another tumultuous session on Wall Street and further declines in Treasury yields, on heightened trade uncertainty and fears of a slowing global economy.
Futures pointed lower in Japan, Hong Kong and Australia. The S&P 500 swung more than 1% from its high to its low for a 12th straight day in above-average volume before finally ending the day higher. Ten-year Treasury yields slid below 1.5% for the first time in three years, while the 30-year dropped under 2% for the first time. The dollar was little changed.