Global Stocks Tumble, Precious Metals Plunge, JGB Yields Spike

1. Major Asian and European stock indices fell significantly, with the Nikkei and Hang Seng down over 2%, indicating widespread risk-off sentiment.
2. Spot gold and silver prices plummeted, with silver dropping over 5% and gold losing nearly 2% of its value amidst strengthening bond yields.
3. Long-term Japanese Government Bond (JGB) yields surged to record highs amid market expectations of a Bank of Japan interest rate hike in June.