Global markets today: US and European stocks decline on worries over rising yields, Israel-Hamas war

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Key Points

World markets today: US and European stock markets declined on Thursday on worries over rising US treasury yields and the Israel-Hamas war potentially growing into a wider conflict in the Middle East..

Federal Reserve chairman Jerome Powells comments over interest rate hike also increased risk aversion among traders..

The MSCI's gauge of stocks across the globe shed 0.89%..

The 10-year US treasury yields reached a 16-year high after Jerome Powell said that additional rate hikes could be warranted in view of economic resiliency and labor market tightness..

In Asian stock markets, Hong Kongs Hang Seng index shed 2.5% at 17,295.89..

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