European stocks ended a volatile session in negative territory on Monday, with losses for banks and commodity companies outweighing a rally for chip makers that came after Apple-supplier AMS AG reported a major jump in revenue and lifted its sales forecasts.
All major U.S. benchmarks closed lower on Monday, with the Dow and the S&P 500 having their worst day this year, as the appetite for equities was dampened by a pickup in borrowing costs.
Asia-Pacific equity markets followed U.S. stock benchmarks lower as global government borrowing costs continued to rise. Indexes in the region hit session lows by midday, with Japan's Nikkei Stock Average NIK, -1.34% falling 1.5%. Benchmarks in Taiwan Y9999, -1.08% , Hong Kong and Australia XJO, -0.82% were each nearly 1% lower in recent trading.
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