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Stocks and Bond Yields Fall on Taiwan Tensions

LONDON/TOKYO—Global stocks slipped and bond yields fell on Tuesday, compounding fears of a global recession, on concern that a visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan would further harm relations between China and the United States.
Investors sought safer assets after China threatened repercussions if Pelosi visited the self-ruled island, which Beijing claims as its territory.
U.S. long-term Treasury yields dropped to a four-month low, while eurozone bond yields fell. The dollar and Japanese yen gained. Crude oil also sank as investors amid signs of a global manufacturing downturn.
China has repeatedly warned against Pelosi going to Taiwan. Washington said on Monday it would not be intimidated by China….

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