US stock markets showed mixed but slightly positive performance on Wednesday, with the Nasdaq Composite leading the charge amid solid earnings reports and tech stock growth. Global markets experienced significant declines due to escalating US-China tensions, leading to stock market selloffs and rising bond yields. Amid market turmoil, US Treasury Secretary Scott Bessent emphasized a shift towards supporting smaller institutions, while currency markets saw a weakening US dollar and increased volatility in cryptocurrencies and commodities.
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