Daily Briefing: - Pressure grows on UK PM Theresa May to ditch Brexit talks with opposition Labour - Trump welcomes Hungary's Orban, praising his anti-immigrant stance - U.S.-China tariff war pressures world stocks
Anti-Brexit placards are seen outside the Houses of Parliament, May 13, 2019. REUTERS/Hannah McKay
Orban wasted little time posting pictures of the two leaders shaking hands in the Oval Office, winning thousands of “likes” from fans. The episode will do no harm to the already strong showing of his party in EU elections next week. After the worst day of the year for world stocks on Monday, investors are clutching at straws for something positive from the latest escalation of the. MSCI’s all-country world equity index fell a further 0.2% on Tuesday after dropping almost 2% on Monday, its worst single day since Dec. 4.
Shanghai ended lower again, Japan’s Nikkei lost 0.7% and Hong Kong returned from a local holiday on Monday to lose 1.7%. Seoul’s Kospi, the biggest loser on Monday, held steady, but MSCI’s broad emerging-market equity index fell another 0.8% to its lowest since Jan. 3, on course for its worst month since October.
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