Major global stock indices continued to decline amid renewed military tensions between the United States and Iran, rising oil prices and higher bond yields.
In the United States, the Dow Jones Industrial Average fell 419.02 points, or 0.79%, to 52,766.88, while the S&P 500 declined 54.67 points, or 0.71%, to 7,631.47. The Nasdaq Composite dropped 271.12 points, or 1.03%, to 26,099.77.
The NYSE Composite lost 0.46% to close at 24,349.28, while Canada's S&P/TSX Composite fell 1.23% to 35,825.73.
European markets also traded lower. The Euro Stoxx 50 declined 0.80% to 6,368.98, while the UK's FTSE 100 slipped 0.32% to 10,789.28. Germany's DAX fell 1.10% to 25,970.11.
France's CAC 40 declined 0.39% to 8,301.85, while Spain's IBEX 35 dropped 0.75% to 19,824.
Losses were more pronounced across Asia-Pacific markets. Japan's Nikkei 225 plunged 2.75% to 64,394.94, while the TOPIX fell 2.16% to 4,091.58.
Hong Kong's Hang Seng Index declined 1% to 25,076.73, China's CSI 300 fell 1.25% to 4,553.99, and Australia's S&P/ASX 200 dropped 1.22% to 8,955.70.
The global market sell-off has been linked to the renewed escalation of the military confrontation between the United States and Iran, higher oil prices and rising government bond yields.
Oil prices climbed following new US strikes on Iran, fueling concerns that higher energy costs could intensify inflationary pressures. Meanwhile, the yield on the benchmark 10-year US Treasury note rose above 4.8%, reaching one of its highest levels in recent years.
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