Dollar edges up, Asian stocks slip as U.S.-China tensions flare

FILE PHOTO: A man wearing protective face mask, following an outbreak of the coronavirus disease , walks in front of a stock quotation board outside a brokerage in Tokyo, Japan, March 10, 2020. REUTERS/Stoyan Nenov/File Photo

U.S. President Donald Trump and Secretary of State Mike Pompeo added to worries with fresh efforts to pin blame for the pandemic on China, where the new coronavirus outbreak is believed to have originated. “The United States is not alone in publicly taking aim at China, but whether it’s Trump, Kudlow or Pompeo the narrative is more frequent, and traders are selling yuan,” he said.

China has reported its first quarterly GDP contraction since such records began a generation ago, and posted a slump in April export orders last week. That means a challenge for investors looking for income which seems to have, for now, stumped even billionaire Warren Buffett.

They made their beds ...

China f'd up!

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dollar firm but stocks, oil under pressure as U.S.-China tensions riseThe dollar rose, oil fell and stock markets were poised to slip on Monday as rising U.S.-China tensions over the coronavirus - and growing unease at the gulf between asset prices and grim economic reality - turned investors cautious. thirdrowtesla Trickle down really meant limp noodling.
Source: Reuters - 🏆 2. / 97 Read more »