At this level, they don't provide competition for the equity market.
For many stock investors, the rout in markets is likely to have come as a bit of a shock or at least a timely reminder that share prices can go down as well as up.
Stock markets around the world, particularly on Wall Street, have tumbled this week as fears over prospective US interest rate hikes combined with fears that markets were a bit frothy following a strong run over the past year that saw many indexes hit record highs.
The U.S. dollar was barely up against a basket of currencies, paring gains as Wall Street rallied late.
Dubai's stock market closed 1.5 per cent lower and Abu Dhabi's shed almost 1 per cent on Tuesday in the region's third day of trading for the week.
But a massive fall in share prices prompted an about-turn, and on Tuesday, it fell back to as low as 2.662 per cent.
In Saudi Arabia, the region's biggest economy, the Tadawul stock exchange slipped 1.5 per cent while Qatar's closed a little more than 2 per cent down.
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Copper lost 1.30 percent to $7,075.85 a tonne. You might have had day traders trying to get out at the end of the day.
Bitcoin was under pressure again Tuesday, trading 5.9 per cent lower at $6,509.
The Dow Jones Industrial Average rose 567.02 points, or 2.33 percent, to 24,912.77, the S&P 500 gained 46.2 points, or 1.74 percent, to 2,695.14 and the Nasdaq Composite added 148.36 points, or 2.13 percent, to 7,115.88.
World stocks clawed off two-month lows on Wednesday, though momentum was weak and USA futures suggested Wall Street could backslide again after rebounding from the biggest selloff in six years.
World stock markets nosedived for a fourth day running on Tuesday, having seen nerves about higher interest rates and overcooked valuations wipe $4 trillion off what just eight days ago had been record highs.
Following recent strong gains, a global stocks sell-off began Friday when bright USA unemployment data sparked concern of high inflation and in turn faster-than-expected increases to U.S. interest rates.
Shortly after the European open, the FTSE 100 index of leading London shares was up 0.66%, the German DAX was 0.36% higher and the CAC 40 in Paris was 0.32% stronger.
The equity market selloff had been viewed by some as a healthy correction after a rapid run up over the previous year, but as it snowballed through Asia and Europe and looked to be on its way back to Wall Street, ner-ves were starting to fray.
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Chris Weston, chief market strategist at IG in Australia, said: "There's genuine carnage out there".
Many in the markets had been anticipating some sort of correction following the steady gains over the past year or so, which have pushed some indexes, notably on Wall Street, to a series of record highs. It was a similar story on Germany's DAX, which was 3 per cent lower at 12,308.
Earlier, volatile equity markets led investors to seek out lower-risk bonds, but many investors remained nervous after a week-long bond rout sent yields on Monday to four-year highs.
The pan-European FTSEurofirst 300 index lost 2.4 percent and MSCI's gauge of stocks across the globe shed 1.9 percent.
Earlier, Taiwan's main index lost 5.0 percent, its biggest slump since 2011, Hong Kong's Hang Seng Index dropped 5.1 percent and Japan's Nikkei dived 4.7 percent, its worst fall since November 2016, to four-month lows.
On Wednesday, benchmark 10-year notes last fell 18/32 in price to yield 2.834 percent, from 2.766 percent late on Tuesday.
On currency markets, the dollar rose 0.3 per cent against a basket of currencies but fell nearly half a per cent to the yen.
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