Global markets update: US stocks slip on worries over interest rate hike

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Key Points

US stocks slipped on Tuesday on worries over interest rate hike by the Federal Reserve...

The Dow Jones Industrial Average fell 170.34 points, or 0.49%, at 34,293.35..

The benchmark 10-year treasury yield hit almost 16-year high on hopes that the Fed could keep interest rates higher for longer period..

New Zealand's benchmark S&P/NZX 50 index advanced 0.2% at 11,485.26 points...

The US crude oil benchmark for September delivery fell 37 cents at $80.35 a barrel on Tuesday..

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