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Global stocks slip, bonds rally as US-China trade fears grow

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Asian equities tracked Wall Street's slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned fresh fears about ...

TOKYO: Asian equities tracked Wall Street's slide on Wednesday as the latest developments in the U.S.-China trade conflict fanned fresh fears about global growth, driving support for safe-haven government bonds.

Global stocks had a rocky start to the week after Washington on Monday accused Beijing of backtracking from commitments made during trade negotiations. That followed President Donald Trump's unexpected statement on Sunday that he would raise tariffs on US$200 billion worth of Chinese goods to 25 percent from 10 percent.

Government bond prices surged and their yields slid sharply as investor panic took a toll on growth asset markets.Channel NewsAsia - Sentifi topic widget

 

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