Investors sold global equities at the fastest rate this year, with a net US$16.9 billion leaving stocks in the week to Wednesday, data from BoFA Global research showed.
NEW YORK: A hawkish stance from the Federal Reserve, soaring Treasury yields and a looming government shutdown are adding to a cocktail of risks that has spooked investors and clouded the outlook for US equities.
US stocks have slid more than 6% from their late July highs, and the past week has been particularly nerve-wracking for investors. The Fed projected it would leave interest rates at elevated levels for longer than expected, sparking selloffs in US stocks and bonds.
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