Stocks and Bond Yields Fall on Taiwan Tensions

Stocks and Bond Yields Fall on Taiwan Tensions
Passersby wearing protective face masks walk in front of an electronic board showing Japan's Nikkei share average, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan, on July 14, 2022. Issei Kato/Reuters
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LONDON/TOKYO—Global stocks slipped and bond yields fell on Tuesday, compounding fears of a global recession, on concern that a visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan would further harm relations between China and the United States.

Investors sought safer assets after China threatened repercussions if Pelosi visited the self-ruled island, which Beijing claims as its territory.