Asian stocks battle as investors search for safer options
US President Donald Trump proposed levies trigger a stampede for safe-haven assets, including US bonds, the yen and gold
02 August 2019 - 08:25
Tokyo – Global stocks took another beating on Friday with investors piling into safe-haven assets after US President Donald Trump said he would slap a 10% tariff on the remaining $300bn of Chinese imports starting September 1.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.6% to its lowest since mid-June while Japan’s Nikkei tumbled 2.4%...
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.