Asian markets staged a minor recovery Tuesday following the previous day's pummelling, which came in response to Mr Trump's warning. But a blowout on Wall Street continued in Asia, with investors running for the hills.Sydney fell 0.4 per cent, Singapore dropped 0.8 per cent and Seoul retreated 0.3 per cent, with Manila more than one per cent lower.
"With the possibility of the trade deal in tatters, markets could turn upside down," he said in a note."Indeed, the relentless bull market seemed impervious to risk, but spawned a high degree of complacency that leaves most market participants ill-prepared for the inevitable reversal." World markets had already been showing signs of fatigue from their run this year, with signs of a slowdown in the world economy playing on investors' minds, while central banks have turned more dovish in recent months with an eye on this.
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