Stocks and commodities recovered slightly as markets tried to consolidate from the previous session’s steep losses when fears of an escalation in the U.S.-China trade war jolted investor sentiment.
Asian share markets rallied from nine-month lows, but underlying sentiment was dampened by worries over trade frictions a week before initial US and Chinese tariffs.
World stocks extended a sell-off as escalating trade tussles between US and other major economies steered investors away from riskier assets, with mkts in China bearing the brunt of investor anxiety.
China’s stock markets slumped, extending a rout from the previous day as the prospect of a full-blown Sino-U.S. trade war put a dampener on the rest of Asian equities.
Stocks slide more as President Trump threatens new tariffs on Chinese goods in an escalating tit-for-tat trade dispute
Asian shares eased after the Federal Reserve raised interest rates and took a more hawkish tone in forecasting a slightly faster pace of tightening.
Asian shares stepped back from a 2-1/2 month high as risk appetite soured on bets that Europe’s massive monetary stimulus was nearing an end.
Asian stocks pulled back as investors paused for breath after the previous day’s rally, although tech-inspired Wall St gains supported broader sentiment as focus shifted.
Asian stocks rebounded from a two-month trough, while the euro enjoyed a respite after sinking to its lowest in 10 months as political turmoil in Italy.
Asian stocks edged up as investors kept a cautious watch on developments in US-China trade negotiations, with the dollar perched 5-month peak.