Asian stocks retreat as U.S. political tumult adds to growth worry - News Summed Up

Asian stocks retreat as U.S. political tumult adds to growth worry


Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018. REUTERS/Toru HanaiTOKYO - 26 December 2018: Asian stock markets retreated again on Wednesday, extending a rout that began last week as U.S. political uncertainty exacerbated worries over slowing global economic growth.Investors were unnerved by the U.S. federal government partial shutdown and President Donald Trump’s hostile stance toward the Federal Reserve chairman.U.S. stocks have dropped sharply in recent weeks on concerns over weaker economic growth. The U.S.-China trade war also shows no signs of a resolution.”U.S. crude futures plunged to the lowest level since June 2017 on Monday, as bearish stocks added to fears of an economic slowdown.


Source: Egypt Today December 26, 2018 06:00 UTC



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