MUMBAI: Donald Trump’s latest salvo against Chinese imports is hitting commodities again. It’s been a turbulent week for commodities as they’re sucked deeper into the tussle between the world’s two biggest economies. “Commodities are tumbling today (yesterday) on a global sell-off in risky assets as Trump continues to hold an aggressive stance in his dispute with China,” Ahn Yea Ha, a commodities analyst at Kiwoom Securities Co, said by phone from Seoul. May futures were 1.3% lower at US$10.17 a bushel on the Chicago Board of Trade at 1:59pm in Singapore yesterday. “The ongoing news flow on the trade war on a daily basis is bound to dent confidence for risky assets and favour bullion going forward.”Oil markets aren’t immune.

Source: The Star April 06, 2018 20:03 UTC