Asian stocks swoon on signs of prolonged US-China standoff
US Treasury yield curve steepens on continent after Federal Reserve chair Jerome Powell signals further interest rate cuts and the resumption of bond purchases
09 October 2019 - 08:29
Tokyo — Asian stocks fell the most in a week on Wednesday as the US and China’s broadening dispute over trade and foreign policy showed little sign of ending, weighing on global economic growth.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.44%. Chinese shares fell 0.47% after briefly touching a five-week low. Australian shares were down 0.76%...
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