Global Markets Rattle Amid Weaker U.S. Factory Data and Geopolitical Tensions

Asian shares faced their worst day in over two years as U.S. Treasury yields dropped and safe-haven currencies rose, triggered by weak U.S. factory data. Japan's Nikkei plummeted, influenced by a strong yen and domestic rate uncertainty. Geopolitical tensions and economic pessimism further compounded market instability.

Global markets experienced heightened volatility as Asian shares plummeted, marking their worst day in over two years, and U.S. Treasury yields fell following unexpectedly weak U.S. factory data.

Japan's Nikkei, particularly affected by a strong yen and domestic interest rate uncertainties, witnessed significant declines. Broader Asian markets followed suit, stoking fears of an economic downturn.

Geopolitical issues added to market jitters, as the killing of Hamas' military leader by Israeli forces overshadowed the financial landscape. Investors now closely watch the upcoming U.S. non-farm payrolls report for further economic insights.

(With inputs from agencies.)