Stocks fall for third day as investors dial down trade hopes

LONDON: Global stocks retreated for a third straight day on Thursday as investors reduced their optimism over U.S.-Sino trade talks, while an early end to a U.S.-North Korean summit in Vietnam and weak economic data out of China also hit sentiment.

That followed a retreat in Asian equities, which took a hit on a lack of progress on trade issues between China and the U.S. and data showing factory activity contracting to a three-year low in China. The Shanghai Composite Index fell 0.7 percent. But USTR later clarified in a statement that it was not abandoning the threat of increasing the tariffs to 25 percent from 10 percent.

In currency markets, the dollar index against a basket of six major currencies fell 0.1 percent at 96.041. Sterling has rallied this week as investors ramped up bets that a no-deal Brexit was less likely and that Britain's departure from the European Union would be delayed.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

Asian stocks fall as trade hopes wane, US-North Korea summit ends earlyAsian stocks slipped on Thursday after cautious comments from U.S. Trade Representative Robert Lighthizer dented some of the recent optimism ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Asian stocks slip as trade optimism retreats, dollar holds gainsAsian stocks slipped on Thursday after cautious comments from U.S. Trade Representative Robert Lighthizer dented some of the recent optimism ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Singapore stocks: STI resumes Thursday afternoon at 3,230.28, down 0.6% on daySINGAPORE shares resumed trading on Thursday afternoon on lower ground, with the Straits Times Index down 19.74 points or 0.6 per cent to 3,230.28 as at 1.04pm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Tokyo: Stocks open lower on Thursday[TOKYO] Tokyo stocks opened lower on Thursday, as the US chief trade negotiator poured cold water on market optimism over US-China trade negotiations, saying 'much still needs to be done'. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Hong Kong: Stocks down at start of trade[HONG KONG] Hong Kong stocks edged down in the first few minutes on Thursday after data pointed to a further contraction in China's manufacturing sector in February. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asia: Most stocks dip with Wall Street, dealers await trade talks news[HONG KONG] Asian markets mostly fell on Friday, tracking losses on Wall Street as optimism over the China-US trade talks was trumped by a weak round of US data that revived concerns about economic growth. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US stocks rise on China trade talks progressNEW YORK: Wall Street stocks finished modestly higher on Monday (Feb 25) on renewed optimism about a potential US-China trade deal, and ahead of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US: Stocks rise on China trade talks progress[NEW YORK] Wall Street stocks finished modestly higher on Monday on renewed optimism about a potential US-China trade deal, and ahead of key economic data releases. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »