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Sunday, 2 June 2019

Asia Stocks Face More Pressure on Trade-War Angst: Markets Wrap - Bloomberg

Asia Stocks Face More Pressure on Trade-War Angst: Markets Wrap  Bloomberg

Asian stocks were poised to start the week on the back foot in the wake of trade-war jitters from U.S. moves against Mexico and India to China’s retaliation against American measures. The yen held near a six-month high. U.S. futures retreated and contracts signaled modest declines for equities in Japan and Australia. The S&P 500 sank 1.3% on Friday and the yield on 10-year Treasuries slumped below 2.13% after the Trump administration threatened Mexico with tariffs over immigration concerns. China implemented tariff hikes Saturday and announced it will take action against “unreliable” foreig...



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