In Asian Equity Markets indices declined on Wednesday amid shaky investor confidence after steep losses on Wall Street overnight. Greater China markets fell, with Hong Kong’s Hang Seng index falling 0.49 percent. The Shanghai composite lost 0.34 percent. In Japan, the Nikkei 225 fell 0.7 percent and the Topix index shed 1 percent. South Korea’s Kospi fell 0.92 percent. Stocks in Australia also traded lower. The ASX 200 fell 0.68 percent, with almost all sectors seeing losses. The heavily weighted financial sub-index shed 0.53 percent.

In Currency Markets the US dollar firmed against its major peers on Wednesday, extending overnight gains as investors shunned riskier assets in favor of safe haven currencies on heightened concerns about slowing global growth and the U.S.-Sino trade war. The yen was relatively unchanged at 112.68. The euro traded with a weak bias at $1.1368. The single currency lost 0.7 percent of its value on Tuesday. The British pound was little changed at $1.2784, having lost 0.5 percent versus the greenback on Tuesday.

In Commodities Markets oil prices on Wednesday clawed back some of the previous day’s more than 6 percent decline, lifted by a report of an unexpected decline in U.S. commercial crude inventories as well as record Indian crude imports. But investors remained on edge, with the IEA warning of unprecedented uncertainty in oil markets due to a difficult economic environment and political risk. International Brent crude oil futures were at $63.19 per barrel, up 1.1 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures, were up 1.2 percent, at $54.09 a barrel.

In US Equity Markets stocks extended their recent selloff on Tuesday, with the S&P 500 hitting a three-week low, as energy shares dropped with oil prices and retailers including Target and Kohl’s sank after weak earnings and forecasts. Target Corp shares fell 9.5 percent after third-quarter profit missed analysts’ estimates. The company’s investments in its online business, higher wages and price cuts hurt margins. The S&P 500 lost 1.74 percent, to 2,644.01 and the Nasdaq Composite fell 1.7 percent, to 6,908.72.

In Bond Markets benchmark U.S. Treasury yields fell to seven-week lows on Tuesday as global stock market declines boosted demand for safe haven debt, before giving up some price gains as investors closed positions before Thursday’s Thanksgiving holiday. The bond market will be closed on Thursday and will close early on Friday. The 10-year yields have declined from 3.25 percent on Nov. 7 and are at the low end of the range they have traded in since the beginning of October.