Asian shares slide after Trump hints at longer trade war
Wednesday, 4 December 2019
Singapore — Asian shares extended their losses on Wednesday after US President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing hopes for a quick preliminary agreement. Fresh US tariffs on Argentina and Brazil as well as threatened duties on French goods also darkened the mood, as a trade war that appeared to be winding down a week ago now looks as if it is ramping up. Investors turned to safe havens, boosting bond prices and sending gold to a one-month high, while MSCI’s broadest index of...
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