Asian Shares Oil Fall As Us-china Trade Spat Escalates


TOKYO/SYDNEY – Asian shares fell to a 2-1/2 week low on Monday after U.S. President Donald Trump cranked up trade tensions by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.

Fears of a global trade war added to pressure on oil prices, which extended Friday’s big fall, while the dollar retreated from near 3-week highs against the safe haven yen JPY=.

Spreadbetters suggested a subdued start for European shares, with FTSE futures FF1c1 off about 0.1 percent. U.S. E-Mini S&P futures ESc1 stumbled 0.5 percent, suggesting a weaker start on Wall Street.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.