U.S. Treasury yields were mixed, and the yield spread on U.S. debt widened to a two-month high. The Gold Dragon Index rose for a third straight session to a one-month high, while U.S. stocks declined, according to Ming Pao.

The Dow Jones Industrial Average posted its biggest drop in four months, the S&P 500 fell to a one-month low, and the Nasdaq Composite slipped to a three-month low, extending its losing streak to a sixth day.