Wednesday, 8 May 2019

Asian Equities Tracked Wall Street's Slide On Wednesday

Asian equities tracked Wall Street's slide on Wednesday as the latest developments in the US-China trade conflict fanned fresh fears about global growth, driving support for safe-haven government bonds.

Australian stocks declined 0.35 percent, South Korea's KOSPI fell 1 percent and Japan's Nikkei was down 1.5 percent.

US stocks slid on Tuesday as escalating trade tensions between the United States and China triggered global growth fears and drove investors away from riskier assets.

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