Asian stocks stumbled to a four-month low on Friday and crude oil plunged on wor...
Tokyo - Asian stocks stumbled to a four-month low on Friday and crude oil plunged on worries the U.S.-China trade spat was developing into a more entrenched strategic dispute between the world’s two largest economies, pushing investors to safe-haven assets.
Chinese shares recovered slightly, with the benchmark Shanghai Composite up 0.2% and the blue-chip CSI 300 rising 0.3%, while Hong Kong’s Hang Seng added 0.2%.On Wall Street, the Dow Jones Industrial Average fell 1.1%, the S&P 500 lost 1.2% and the Nasdaq Composite dropped 1.6%, as traders dumped cyclical names on fears that the escalating U.S.-China trade war would stymie global economic growth.
The U.S. Commerce Department said on Thursday it was proposing a new rule to impose anti-subsidy duties on products from countries that undervalue their currencies against the dollar, another move that could slap higher tariffs on Chinese products. As flight-to-safety plays dominated global markets, the benchmark 10-year U.S. Treasury note yield hit 2.292%, the lowest level since mid-October 2017, with the key parts of the yield curve inverted. The yield last stood at 2.326 percent.
“Since the global financial crisis, U.S. output has fallen only once: from 2015 to early 2016 when the shale industry was badly hit. Markets could start to fret over a global slowdown as they have done late last year.” Sterling weakened again on Thursday as pressure mounted on British Prime Minister Theresa May to name a date for her departure after a backlash over her last-ditch plans for Britain’s exit from the European Union.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Asian shares at four-month low on deepening U.S.-China trade warAsian shares hobbled near four-month lows on Friday and crude oil plunged on wor...
Leer más »
Australian, Indian elections boost Asian shares, trade fears easeAsian shares clawed back some of last week's losses as investors cheered ap...
Leer más »
The stock market fears more trade retaliation from China is coming next weekTraders are concerned there is another shoe to drop: more retaliatory measures from China, which may or may not come in the form of tariffs.
Leer más »
Yen gains as trade woes, Brexit concerns shake investor confidenceThe yen advanced broadly on Thursday as persistent U.S.-China trade fears and Br...
Leer más »
Renewed U.S.-China trade tensions push down Wall StreetWall Street's major indexes dipped on Wednesday as inflamed trade tensions ...
Leer más »
China calls out big state firms, others on pollution violations amid slowing economy fearsChina has publicly accused dozens of firms, including some of its biggest state ...
Leer más »
Futures tumble on fears of possible U.S.-China tech cold warU.S. stock index futures slid on Thursday, as investors worried that the U.S.-Ch...
Leer más »
Asia shares shudder as Beijing talks toughAsian shares suffered a fresh bout of the shakes on Friday as tough words on tra...
Leer más »
Iran's top diplomat presses efforts to save nuclear dealTEHRAN, Iran (AP) — Iran's foreign minister traveled Friday to China on his Asian tour aimed at keeping world markets open to Tehran amid an intense sanctions campaign from the U.S. as tensions...
Leer más »
24 YA Books To Devour During Asian Pacific American Heritage MonthFrom Asian-inspired fantasy worlds to sweet rom coms to out-of-this-world sci-fi, we found 24 books you won't want to miss!
Leer más »
Huawei unwanted: Asian shops shun phone trade-ins on Google suspension worriesMobile phone retailers in some Asian countries are refusing to accept Huawei dev...
Leer más »