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Asia shares slip as Hong Kong unrest, Argentine peso crash rattle investors


Tuesday, 13 August 2019 08:19 WIB

MSCI Asia PacificSaham AsiaBursa Asia


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Asian shares fell on Tuesday as fears about a drawn out Sino-U.S. trade war, protests in Hong Kong and a crash in Argentina's peso currency drove investors to safe harbors like bonds, gold, and the yen.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.26% while Japan's Nikkei tumbled 1.28%.

The selling in regional markets came as Wall Street stocks took a beating on Monday, with the S&P 500 losing 1.23%.

Sentiment was already weak due to increasing signs that the United States and China will not quickly resolve their year-long trade war. Markets were hit with further turbulence after protesters managed to close down Hong Kong's airport on Monday.

Traders were also on edge after market-friendly Argentine President Mauricio Macri suffered a mauling in presidential primaries, increasing the risk of a return to interventionist economic policies.

Source : Reuters


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