Asian stocks fall; dollar slides anew

Stocks slid on Tuesday, the dollar fell for a second straight day and US Treasury yields climbed to four-month highs after US President Donald J. Trump intensified his push to take control of Greenland.

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Mr. Trump’s threat of additional tariffs on European nations if a deal on Greenland is not reached has revived talk of the “Sell America” trade that emerged in the aftermath of his sweeping “Liberation Day” levies last April, where investors sell US stocks, dollar and Treasuries.

That trade appeared to be gathering momentum in Asian hours on Tuesday. Investors were also scurrying for safe-haven assets including the Swiss franc and gold.

Nasdaq and S&P 500 futures slid over 1%, while the dollar was broadly weaker and the yield on the 10-year US Treasury note rose to 4.265%, its highest level since early September.

European futures were 0.27% lower, pointing to another subdued open after the pan-European STOXX 600 fell 1.2% on Monday.

MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.24%, inching further away from the record highs it hit last week.