Asian shares fell on Monday after US President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind. Fears of a global trade war added to pressure on oil prices, which extended Friday’s big fall, while the dollar retreated from near 3-week highs against the safe-haven yen. MSCI’s broadest index of Asia-Pacific shares outside Japan skidded 0.4 per cent to its lowest level since May 31. Financial markets in China and Hong Kong were closed for Dragon Boat Festival holiday. South Korea’s Kospi index slipped 0.5 per cent while Australian shares eased 0.1 per cent. For Any More Information Please Visit : www.paceresearchindia.com and Call Now : 8817774774Sunday, 17 June 2018
Asian Shares Fall As US – China Trade Spat Escalates
Asian shares fell on Monday after US President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind. Fears of a global trade war added to pressure on oil prices, which extended Friday’s big fall, while the dollar retreated from near 3-week highs against the safe-haven yen. MSCI’s broadest index of Asia-Pacific shares outside Japan skidded 0.4 per cent to its lowest level since May 31. Financial markets in China and Hong Kong were closed for Dragon Boat Festival holiday. South Korea’s Kospi index slipped 0.5 per cent while Australian shares eased 0.1 per cent. For Any More Information Please Visit : www.paceresearchindia.com and Call Now : 8817774774
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