Casualties of US-China trade war, Bursa extends loss
Stocks tumble: The Hang Seng Index closed at 29,468.15, a loss of 2.78, in Hong Kong yesterday. Hong Kong and Shanghai stocks led a sell-off across Asian and European markets on rising fears of a trade war after Trump threatened fresh tariffs on Chinese imports and Beijing warned of countermeasures. — AFP
PETALING JAYA: The intensifying trade war between the world’s two largest economies led investors to flee riskier assets especially equities, causing a selldown in major equity markets.
It was a sea of red for stock exchanges globally yesterday, including in Asia, after US President Donald Trump ordered the US Trade Representative to identify US$200bil worth of Chinese goods for additional tariffs at a rate of 10%.
This was an apparent tit-for-tat reaction, following China’s decision to levy additional tariffs on US$50bil worth of imports from the US, mirroring the latter’s earlier controversial move.
...
The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.
Related Stocks
| AHEALTH | 2.990 |
| APEX | 0.980 |
| BURSA | 7.470 |
| CHINTEK | 7.550 |
| HEIM | 22.400 |
| MAYBANK | 9.650 |
| PANAMY | 18.640 |
| PBBANK | 4.150 |
| UTDPLT | 25.400 |
Comments