Asia stocks wobble near three-and-a-half-month low as trade worries linger

TOKYO: Asian stocks struggled near a 3-1/2-month low on Wednesday on lingering concerns over the economic impact of a U.S.-China trade war, although an overnight bounce on Wall Street helped limit the losses.The index had fallen to its lowest level since the end of January the previous day as a trade conflict between the United States and China intensified. Beijing on Monday imposed a tariff hike on U.S. goods following Washington's decision last week to hike its levies on Chinese imports.

U.S. President Donald Trump on Tuesday said he had a"very good" dialogue with China and insisted talks between the world's two largest economies had not collapsed."In the short term the equity markets have begun digesting the latest round of the trade war, said Soichiro Monji, senior strategist at Sumitomo Mitsui DS Asset Management, adding that a bit of calm is returning to some markets as a result.

The dollar traded a shade higher at 109.675 yen, pulling away from a three-month low of 109.020 plumbed on Monday when trade war worries boosted investor demand for the safe-haven Japanese currency.

Canada Canada Latest News, Canada Canada Headlines

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

Singapore stocks: STI resumes Wednesday afternoon down 1%; other Asian markets also lowerTHE Singapore market extended losses made in the early session, following Wall Street's delayed reaction to the US's move to raise tariffs on Chinese goods on Friday, driving uneasiness among investors hoping for a resolution to a US-China trade deal. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asia stocks slip, bonds rally on fear China-US trade deal could unravelAsian equities tracked Wall Street's slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned fresh fears about ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asia stocks slip, bonds rally on fears China-US trade deal unravelingAsian equities tracked Wall Street's slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned fresh fears about ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asian stocks drop, yuan slides as trade war escalates[SYDNEY] Stocks in Asia fell with US equity futures, while the yen and Treasuries climbed, after trade talks ended without a resolution and China said the US must remove all extra tariffs. The yuan retreated. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asian stocks, yuan fall as US-China seen deadlocked in trade talksSYDNEY: U.S. stock futures fell and Asian shares slipped on Monday on growing uncertainty over whether the United States and China will be able to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »