Asian investors wary as trade tensions weigh, pound holds gains - News Summed Up

Asian investors wary as trade tensions weigh, pound holds gains


Donald Trump ramped up the China-US tariffs row late last week by threatening to tax all imports from the Asian giant, sending equities further into the red Monday. While some investors are returning to pick up bargain stocks, the ongoing worry about a possible full-blown trade war between the world's top two economies is keeping a lid on prices. However, Tokyo rose 1.3 percent as exporters were supported by a weaker yen, Sydney was up 0.6 percent and Wellington surged two percent. In early European trade London, Paris and Frankfurt each fell 0.2 percent. The Russian ruble rose 0.4 percent and South African rand climbed 0.6 percent, while the Mexican peso, South Korean won and Thai baht were also higher.


Source: The Nation Bangkok September 11, 2018 07:18 UTC



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