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Asian stocks fall by the most in a week as U.S.-China standoff escalates


Wednesday, 9 October 2019 09:36 WIB

MSCI Asia PacificSaham Asia


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Asian stocks fell the most in a week on Wednesday as the United States and China's ever-expanding dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3%. Japan's Nikkei slid 0.81%. Australian shares were down 0.92%.

U.S. two-year Treasury yields fell and the curve steepened in Asia after U.S. Federal Reserve Chair Jerome Powell signaled further interest rate cuts and the resumption of bond purchases to address a recent spike in money markets rates.

Source: Reuters


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