A falling currency and bond market is never a good sign," said Kyle Rodda, senior financial markets analyst at Capital.com. In Asia, Japan's Nikkei .N225 tumbled 4.5% on the day, while stocks in South Korea .KS11 fell 1.7%. Investors are grappling with worries over the escalating Sino-US trade war after Trump ratcheted up tariffs on Chinese imports, raising them effectively to 145%. FRX/On Friday, the dollar sank to its lowest in 10 years against the Swiss franc and a six-month low against the yen. Meanwhile, a violent US Treasury selloff this week, evoking the COVID-era "dash for cash", had reignited fears of fragility in the world's biggest bond market.
