Asian shares slump amid doubt that Donald Trump can deliver on his promises
Singapore — Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing the doubt about US President Donald Trump’s ability to deliver his economic agenda. Confidence was shaken further after a van mowed through crowds of tourists in Barcelona on Thursday, killing at least 13 people and injuring more than 100 in an attack authorities were treating as Islamic terrorism. In Cambrils, a town south of Barcelona, police said they had killed five attackers on Thursday night to thwart a linked "terrorist attack". MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.7%, but still looked set to gain 1.4% for the week after tension between North Korea and the US came off the boil. Japan’s Nikkei slid 1% on global jitters and a stronger yen, and looked set to lose 1.3% for the week. "The realisation of the worst-case scenarios [in Washington and in North Korea] would likely bring about a more significant drop in global equity ma...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.