(Bloomberg) -- The Standard & Poor’s 500 Index fell, erasing a gain for the year, while Treasuries and the yen advanced on demand for haven assets as tension persisted in Ukraine. Copper declined as data from China missed estimates and gold reversed losses.

The S&P 500 lost 1.2% at 4 p.m. in New York after earlier rising to within four points of a record. The Dow Jones Industrial Average fell 230 points. Yields on 10-year Treasuries slid nine basis points to 2.64%. Russian stocks dropped to the lowest since May 2010. Copper traded near a 44-month low and gold rose 0.1%. The yen rallied 1.1 % to 101.66 per dollar.

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