A revenue warning from Apple Inc
Technology stocks led a selloff in Asian, European and U.S. stock markets after Apple, blaming weaker iPhone sales in China, cut its revenue forecast for the first time in nearly 12 years. Apple`s U.S.-listed shares were last down 8.1 percent.
That heightened concerns that sluggish global growth may be reflected in the United States, where corporate earnings season is set to kick off in a few weeks.
TRENDING NOW

Chennai Cyclone Michaung: Foxconn, Pegatron, Hyundai suspend operations due to floods, cyclonic conditions

Ranbir Kapoor starrer Animal joins Rs 200 crore club in 3 days; closes in on Shah Rukh Khan's Jawan's record

SBI Amrit Kalash FD Scheme: This SBI fixed deposit scheme offers highest return than its other FDs; 400-day investment; calculations and more details

Mizoram Assembly Election Result 2023: MNF races towards majority; here is the list of winners and losers
Survey data from the Institute of Supply Management showed U.S. factory activity slowed more than expected in December, sending stocks on Wall Street lower.
"That negative economic data, combined with the PMI (data) in China a couple of days ago, reconfirms the market`s concerns that the global economy is slowing," said Jeremy Zirin, head of equities at UBS Global Wealth Management`s Chief Investment Office.
Zirin said Apple`s warning "raises concerns that we could see a broad-based weakness among companies with a high level of exposure to China."
Treasury yields fell and prices surged after the U.S. manufacturing activity data, extending overnight losses prompted by the Apple warning that sent investors fleeing to safe-haven instruments.
The benchmark 10-year U.S. government note yield
German government bond yields
In the U.S. equity market, the Dow Jones Industrial Average <.dji> fell 424.47 points, or 1.82 percent, to 22,921.77, the S&P 500 <.spx> lost 36.25 points, or 1.44 percent, to 2,473.78 and the Nasdaq Composite <.ixic> dropped 124.94 points, or 1.87 percent, to 6,541.00.
MSCI`s gauge of stocks across the globe <.miwd00000pus> shed 0.81 percent, while in Europe, the STOXX 600 <.stoxx> ended down 0.98 percent. CURRENCIES
Apple`s news also roiled the currency markets, with the safe-haven yen climbing against the dollar
The dollar touched its lowest level against the yen since March 2018, while the Australian dollar at one point hit levels against the Japanese yen not seen since 2011.
The dollar index <.dxy>, measuring it against a basket of six other currencies, was last down 0.6 percent. The euro
Keeping with the risk-off theme, gold prices hit a 6-1/2-month peak. Spot gold
Copper prices
Brent crude
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
11:45 pm