Global Economy Briefing: a global chip-stock rout dragged the Nasdaq down over 2% and lifted US bond yields, while Brazil explained its rate cut.

Global Economy Briefing: a global chip-stock rout dragged the Nasdaq down over 2% and lifted US bond yields, while Brazil explained its rate cut.

Global Economy Briefing: markets steadied as oil fell to a pre-war low near $70, dragging yields down and drawing strong foreign inflows into Brazil.