Worry about trade war sends Asian shares to four-month low
MSCI’s broadest index of Asia-Pacific shares outside Japan on track for a third straight weekly loss
Tokyo — Asian stocks stumbled to a four-month low on Friday and crude oil plunged on worries the US-China trade spat was developing into a more entrenched strategic dispute between the world’s two largest economies, pushing investors to safe-haven assets. MSCI’s broadest index of Asia-Pacific shares outside Japan edged down 0.2% to a fresh four-month low and was on track for a third straight weekly loss, down 1.0% so far on the week. Chinese shares recovered slightly, with the benchmark Shanghai Composite up 0.2% and the blue-chip CSI 300 rising 0.3%, while Hong Kong’s Hang Seng added 0.2%.
Podcast | Business Day Spotlight - Huawei vows it will not crack under pressure..
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.