LONDON (Reuters) - Clear signals from the U.S. Federal Reserve that it will soon stop pumping money into the global economy and data pointing to slower growth in China sparked sharp falls in bonds, shares and commodities on Thursday.
Emerging markets, many of which have been primed by the cheap Fed cash, saw some of the biggest selling as investors
rushed to the exits.
MSCI's benchmark index for emerging equities slumped more than 3.3 percent and shares across the Asian Pacific region outside Japan recorded their biggest daily drop since late 2011.
World stocks in general saw the largest one-day drop for 12 months, falling 1.85 percent with U.S. stock futures pointing to further losses when Wall Street opens.
Among other unwanted milestones, gold and silver tumbled to near a three-year lows while South African 10-year bond yields posted their biggest one-day rise in a decade.
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