Stocks wobble on trade, earnings unease; U.S. Treasury yields fall

TOKYO - Asian shares edged lower on Thursday as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, which helped underpin solid demand for safe-haven U.S. Treasuries.

South Korea’s market was off 0.4% after the Bank of Korea unexpectedly cut its policy interest rate for the first time in three years, as uncertainties from a trade dispute with Japan added to anxiety about the economy’s outlook. The Dow Jones Industrial Average fell 0.4%, the S&P 500 lost 0.7% and the Nasdaq Composite dropped 0.5%.

U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low, suggesting the housing market continued to struggle despite declining mortgage rates. The euro also was nearly flat at $1.1238 after crawling up marginally 0.1% on Wednesday. The greenback fell 0.2% to 107.72 yen, extending an overnight loss of 0.3%.

Here comes the YuanBenchmark

expert astrology shows we are careenG to a global economic downturn by january2020 - which changes everything. Trump is not runG since th economy is tankG... likely, GOP drafts RomneyHaley. we are overdue for a massive cyberattack/ 'Electronic Pearl Harbor'. global weirdG worse.

The USA became a fascist nation last night. Trump must go.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Asia stocks set to trade lower amid renewed US-China trade uncertaintyU.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion worth of Chinese goods if needed. Well that didn't take long...POTUS with the hatchet. Told you he is beyond untrustworthy as the drunken sailor he is. The COMEDIAN is back and ready to come for the KING Xi Dynasty mismanaged. Feng shui not good. tt: GordonGChang
Source: CNBC - 🏆 12. / 72 Read more »

Debt and dollar in demand, sterling and stocks stricken on trade war and BrexitResurgent trade tensions, concern over the outlook for corporate America and the...
Source: Reuters - 🏆 2. / 97 Read more »

US stocks set for a mixed open after Trump's trade comments dent historic rallyU.S. stock index futures were mixed Wednesday morning after ending a lengthy winning streak following President Donald Trump's skeptical comments on the ongoing U.S.-China trade war.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks seen lower as Trump's trade comments dampen sentimentEuropean stocks are set to start Wednesday's session in the red, as comments from President Donald Trump reignited fears over trade. But, evidently, not much lower.
Source: CNBC - 🏆 12. / 72 Read more »

3 stocks that can make you money despite a trade war or recessionBrian Beitner of Chautauqua Capital Management names three companies he believes can easily navigate rough waters.
Source: MarketWatch - 🏆 3. / 97 Read more »