Investors look at stock prices on a screen at a securities company in Beijing on August 15, 2019. NICOLAS ASFOURI / AFPAsian markets sank Thursday after the Dow suffered its worst day of the year as fears of a global recession mounted with investors fleeing equities.
“The Japanese stock market is sliding against the backdrop of sharp falls in US shares,” Okasan Online Securities said in a note. Coming on the back of an intensifying US-China trade war that shows no signs of resolution, the flight to bonds signalled the growing fears of a global recession. Weeks of pro-democracy protests in Hong Kong have added to the climate of uncertainty, with Beijing referring to the increasingly violent demonstrations as “terrorism”, stoking fears of a Chinese crackdown.
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