Asian stocks follow Wall Street lower on trade worries

Sun Online Desk

4th December, 2019 01:33:41 printer

Asian stocks follow Wall Street lower on trade worries

 

Asian stock markets followed Wall Street lower after US President Donald Trump cast doubt over the potential for a trade deal with China this year, reports AP.

Benchmarks in Tokyo, Hong Kong and Sydney fell more than 1% while Shanghai and South Korea also retreated.

Trump said he has "no deadline" for a trade deal and doesn't mind waiting until after next year's presidential election to make one. Investors had hoped for at least enough progress to stave off new US tariffs on Chinese goods, including smartphones and laptops, scheduled to start December 15.

Tensions flared last week after Trump signed legislation expressing US support for pro-democracy demonstrators in Hong Kong.

 


Top