Markets tremble on 'Sell America' fears as Davos looms and Greenland tensions escalate
Asian stocks extended losses amid fears of a broader sell-off in U.S. assets dubbed the “Sell America” trade, as Wall Street tumbled and gold surged while the dollar weakened. Investors await Donald Trump’s Davos speech amid renewed threats over Greenland and possible tariffs on Europe, fueling global tensions that pressured equities in Asia and sent Japanese government bonds rallying after a brutal selloff. U.S. and European futures were mixed, U.S. Treasury yields retreated after a spike, and oil and yen movements added to a volatile backdrop ahead of central-bank signals.
