Asian markets sink after Trump says trade deal with China has 'no deadline'

December 4, 2019 4:26 PM

The comments, in London ahead of a tense Nato summit that has also fuelled geopolitical concerns, sent shivers through trading floors across Europe and New York, where dealers ran for the hills. US Commerce Secretary Wilbur Ross had also warned that more tariffs on Chinese goods planned for Dec 15 would be imposed if the first phase of trade talks was not completed by then.

Hong Kong, Tokyo and Sydney all lost more than 1%, while Shanghai, Singapore, Mumbai, Taipei and Bangkok each shed 0.2%.“It’s very difficult to have conviction about which way the trade situation will go,” Laura Kane at UBS Global Wealth Management told Bloomberg TV.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian markets rattled by fresh trade concernsHong Kong: Asian markets slipped on Tuesday (Dec 3) as global trade uncertainty returned to the fore after the United States reimposed tariffs on Argentina and Brazil, threatened steep levies against France and warned China of new measures if ongoing talks are not successful.
Source: staronline - 🏆 4. / 75 Read more »

World markets rattle as Trump announces no deadline to trade dealTrade Representative Robert Lighthizer also warns levies against Austria, Italy and Turkey are considered. FMTNews Trump
Source: fmtoday - 🏆 5. / 72 Read more »