Bond yields fall to lowest since last week in more than a week when rupee bond yields fall to over $8,000,000.
In New Zealand, the Kiwi dollar reaches three-week low on the two-day lockout in Christchurch.
LONDON HONG KONG, Aug 17 - Global shares lost on Tuesday, rattled by concerns over China's regulations for its once-freewheeling internet sector and a global spike in COVID - 19 infections driven by the Delta variant.
U.S. Treasury and Germany bond yields lowered to the lowest in more than a week ahead of the release of U.S. retail sales data expected later in the day, expected to offer further signs of slowing economic momentum
In early European trading the pan-European STOXX 600 lost 0.5%, its highest level in more than a week and its second straight session of fall from its longest winning streak in over a decade.
The U.S stock market futures, and the S&P 500 e-minis, were down 0.5%.
The Chinese regulators issued draft rules on Tuesday for the Internet sector, banning unfair competition and restricting the use of user data, the latest move in a crackdown on the country's powerful tech companies.
The Tech Index in Hong Kong, where several of China's biggest internet giants are listed, dropped 3.3%, while Internet giants Tencent, Alibaba and Meituan fell by 4.3%, 4.6%, and 3.4%, respectively.
Evolving government policy initiatives are weighing on sentiment and causing some uncertainty. Regulatory is a constant in China, said Catherine Yeung, investment director at Fidelity International.
Investors must factor this into their risk-reward frameworks and accept and incorporate it into the assessment of long-term business prospects for companies.
MSCI's broadest index of the Asia-Pacific shares outside Japan was down 1.5% and China's CSI 300 index dipped 2.1%.
Amid signs that the global economy is losing momentum, the continued spread of new COVID-19 variants and the impact on the global economy have also shaken market confidence.
The NZ dollar was lower than the Nigel Fitzgerald-designed ia$1000 (nearly one week) after the ban on 6 months-long trade after the first confirmed cases of coronavirus were reported in 12 months.
The currency was down 1.4% at $0.6921, on track for its biggest daily drop since May.
Investors worldwide were also monitoring the turmoil in Afghanistan, where thousands of civilians desperate to flee the country thronged Kabul airport after the Taliban declared the capital and seized the war against foreign and local forces over. As of yet, market has not reacted that strongly.
A raft of Chinese data showed a surprisingly sharp slowdown in the world's second largest economy on Monday, while the Empire State Barometer of Manufacturing Business Activity (N.Y. Federal Reserve) fell more than expected
Immediately after 2021, we think the investor concern is shifting from inflation to growth globally, said Wang Qi, CEO of MegaTrust Investment. Inflation is currently our primary concern, but we also worry about a potential economic slowdown.
The market consequences of the chaotic Afghanistan war for developed world had been limited so far, Deutsche Bank analysts said in a letter.
Instead, the longer-term risk is that Afghanistan could become a haven for terrorist groups and such attacks have historically had serious market implications of their own, they noted.
The other risk of the conflict was that it complicated U.S. President Joe Biden's push to pass economic proposals, with potential for another fight over the debt ceiling in the weeks ahead, Deutsche Bank said.
Investors are focused on when the Central Reserve will rein in its easy money policy, with minutes of the Federal Reserve's latest meeting due on Wednesday.
Eric Rosengren told the Fed Chairman that one more month of strong job gains could satisfy the Federal Reserve Bank's requirements to start reducing its monthly asset purchases.
The U.S. dollar fell 0.1% at 92.705, after gaining in the previous session
The Australian Dollar dropped to a nine-month low after the latest Central Bank meeting minutes showed policymakers would be prepared to take action should coronavirus lockdowns threaten a deeper financial setback. The currency was last down $0.72885 on the day for 0.7% at $0.72885.
The yield on benchmark 10-year Treasury notes fell in more risk-off moves as demand for safe-haven U.S. bonds ticked up. The yield on benchmark 10-year Treasury notes dropped to 1.25% compared with its low of 1.257% on Monday in the United States.
The 10-year yield of Germany, the benchmark for the bloc, fell nearly 3 basis points to - 0.496% in early trade, the lowest since Aug. 6.
U.S. crude tumbled 0.6% to $66.9 a barrel. Brent crude fell 0.6% to $69.1 a barrel.
Gold was 0.2% higher. On the other hand, Spot Gold was trading at $1,791. 41 per ounce.