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!

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Source: Reuters - 🏆 2. / 97 Read more »