Asian stocks feel a pull towards stagnation concerns.
At the time of writing, Japan's Nikkei Index fell 1.3% or 266 points. Shares in Australia and New Zealand fell 2.14% and 1.22%, respectively.
Meanwhile, Hong Kong's Hang Seng recently fell 0.67% or 170 units and the Shanghai Composite Index fell 1%.
US stocks fell on Wednesday. The Dow Jones industrial average fell by 800 units amid concerns of recession.
The US Treasury yield curve was reversed. The 10-year Treasury yield fell below the two-year yield for the first time since 2007.