Gold hits record high as US-China ties worsen, Asia stocks helped by tech | Malay Mail

📆 27/07/2020 14:47:00
📰 malaymail

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TOKYO, July 27 — Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe haven assets, although sentiment was mixed with tech gains supporting some Asian stocks. MSCI’s ex-Japan Asia-Pacific index rose...

Monday, 27 Jul 2020 11:44 AM MYT

The chipmaker’s gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7 nanometre chip technology. US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use “more creative and assertive ways” to press the Chinese Communist Party to change its ways.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

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Global stocks on defensive as US-China tensions spook investors | Malay MailTOKYO, July 27 — US stock futures slipped and Asian shares came under pressure in early Monday trade as tit-for-tat consulate closures in China and the United States fanned worries about worsening diplomatic ties between the world’s two largest economies. S&P500 futures dropped 0.2 per cent...
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