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He floated the idea of restricting the use of Telegram in Ukraine and Russia, a suggestion that was met with fierce opposition from users. Shortly after, Durov backed off the idea. I want a secure messaging app, should I use Telegram? That hurt tech stocks. For the past few weeks, the 10-year yield has traded between 1.72% and 2%, as traders moved into the bond for safety when Russia headlines were uglyâand out of it when headlines improved. Now, the yield is touching its pandemic-era high. If the yield breaks above that level, that could signal that itâs on a sustainable path higher. Higher long-dated bond yields make future profits less valuableâand many tech companies are valued on the basis of profits forecast for many years in the future. "And that set off kind of a battle royale for control of the platform that Durov eventually lost," said Nathalie MarĂ©chal of the Washington advocacy group Ranking Digital Rights. The picture was mixed overseas. Hong Kongâs Hang Seng Index fell 1.6%, under pressure from U.S. regulatory scrutiny on New York-listed Chinese companies. Stocks were more buoyant in Europe, where Frankfurtâs DAX surged 1.4%.
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