Tokyo — Asian stocks slid on Wednesday, dragged down by Wall Street’s tumble as sharp declines in long-term US treasury yields and resurgent trade concerns stoked investor worry about global economic growth. Global equities have been shaken as a flattening US treasury yield curve fans concern about a recession, and on growing doubts that Washington and Beijing will be able to clinch a substantive trade deal during a temporary ceasefire agreed at the weekend. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.35%. Hong Ko Tokyo — Asian stocks slid on Wednesday, dragged down by Wall Street’s tumble as sharp declines in long-term US treasury yields and resurgent trade concerns stoked investor worry about global economic growth. Global equities have been shaken as a flattening US treasury yield curve fans concern about a recession, and on growing doubts that Washington and Beijing will be able to clinch a substantive trade deal during a temporary ceasefire agreed at the w...
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.