Asian shares hit six-week lows in early trade on Thursday as increased tensions ...
SYDNEY - Asian shares hit six-week lows in early trade on Thursday as increased tensions ahead of key Sino-U.S. trade negotiations fanned fresh concerns about the outlook for the global economy.
Stocks extended earlier losses in Asian trade after President Donald Trump said that China “broke the deal” in trade talks with Washington and would face stiff tariffs if no agreement is reached. “I would suspect the U.S. will just hand China an ultimatum. No wonder the U.S. yield curve is almost inverting again,” he said.
Wall Street shares ended a choppy session flat to lower overnight, with the Dow Jones Industrial Average rising marginally, the S&P 500 and the Nasdaq Composite dropping 0.2 percent and 0.3 percent, respectively. [.N]
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