Asian markets suffer blood-letting on global growth fears 1 SHARES Share it! Share TweetBy Agence France-PresseAsian markets plunged Monday after a sharp sell-off on Wall Street fuelled by concerns about the global economy and a possible recession in the United States. “It’s pretty clear we’ve seen a shift in momentum,” said Michael McCarthy, chief market strategist at CMC Markets Asia Pacific. The rush to the 10-year US bond market followed weak manufacturing data out of the US, eurozone giant Germany and France. On oil markets, the prospect of a global slowdown dug into prices, with both main contracts extending the losses of more than one percent suffered on Friday.

Source: Manila Bulletin March 25, 2019 03:22 UTC