LONDON: Shares around the globe fell on Monday, buffeted by escalating violence in Hong Kong that pushed Asian stocks to their worst day since August and stoked demand for the safe-haven yen and gold.
"At some stage I think it is likely that there will be a more fully-fledged crackdown," said Stéphane Barbier de la Serre, a strategist at Makor Capital Markets.The violence sent investors running for assets perceived as safe havens and away from riskier currencies.Gold rose 0.5per cent, rebounding from a three-month low touched on Friday to reach US$1,465.36 per ounce.
On Saturday, U.S. President Donald Trump said talks had moved more slowly than he would have liked. He said reports that the United States was willing to lift tariffs were incorrect, adding that Beijing wanted a deal more than he did.