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Asian Stocks Tumble After U.S. Announces Tariffs on Europe


Thursday, 3 October 2019 08:27 WIB

Saham Asia Indeks MSCI Asia Pasifik


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Asian stocks, already under pressure from growing global growth fears, tumbled on Thursday after New York markets slumped overnight because the United States opened a new trade war front by saying it will impose tariffs on $7.5 billion of goods from the European Union.

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.38%. Japan's Nikkei stock index dropped 1.96% and Australian shares declined 2.19%.

Yields on two-year U.S. Treasury yields approached a two-year low and the dollar fell against major currencies as weakening economic data exposed the damage that the trade war with China has already caused to the U.S. economy.

Source : Reuters


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