Sydney and Singapore each dropped more than one per cent, with Manila and Jakarta both down 1.6 per cent."Uncertainty and short-term sentiment impact is likely to stay," Medha Samant, director of investment at Fidelity International, told Bloomberg TV."In the short term, it looks like volatility is here to stay and we could see this risk-off, risk-on going on for a long time."
However, while there is a lot of fear about an all-out trade war, which could batter the world economy, both said talks will continue, though no date has been set for the next round. "An eventual agreement still seems the most likely outcome, although political miscalculation is a rising risk," said Paul Christopher, head of global market strategy at Wells Fargo Investment Institute.
On currency markets the yuan - which has fallen more than two per cent since Mr Trump last week threatened to hike tariffs - edged up slightly against the dollar, while the greenback was also slightly lower against the pound and euro.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street rises on glimmers of hope in US-China trade relationsU.S. stock index futures fell on Wednesday, ahead of a crucial round of trade negotiations between the United States and China this week.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Dow ends down 2.4% as new China tariffs batter Wall Street[NEW YORK] Wall Street stocks plunged Monday after China announced new tariff measures on the United States, reviving fears the months-long conflict could deteriorate further. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Dow ends down 2.4% as new China tariffs batter Wall StreetNEW YORK: Wall Street stocks plunged on Monday (May 13) after China announced new tariff measures on the United States, reviving fears the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
S&P 500 dips as Intel slide counters trade hopesU.S. stock index futures fell on Wednesday, ahead of a crucial round of trade negotiations between the United States and China this week.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street slides as trade fears riseU.S. stock index futures fell on Tuesday as uncertainty of a trade deal being reached between the United States and China kept investors on edge. ....it was only a matter of time, before the 'world's best deal maker' is found out to be nothing more than an incompetent orange buffoon.....
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Warren Phillips, who broadened Wall Street Journal, dies at 92WASHINGTON (BLOOMBERG) - Mr Warren Phillips, the former chief executive officer of Dow Jones & Co. and publisher of its flagship Wall Street Journal as the newspaper became the largest US daily by circulation, has died. He was 92.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Wall Street opens lower as investors fret over trade talksU.S. stock index futures fell on Wednesday, ahead of a crucial round of trade negotiations between the United States and China this week.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Thomson Reuters profit tops Wall Street forecastsThomson Reuters Corp on Wednesday reported a rise in quarterly sales and reaffirmed its forecast for the rest of this year and 2020.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Singapore shares slide 0.9% on Wednesday after sell-off on Wall StreetSINGAPORE shares ended lower on Wednesday, following a Tuesday sell-off on Wall Street as investors continued to be jittery over US threats to hike tariffs on Chinese goods on Friday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Wall Street set for lower open as trade talks reach crucial stageU.S. stock index futures fell on Wednesday, ahead of a crucial round of trade negotiations between the United States and China this week.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street set for lower open on trade jittersU.S. stock index futures fell on Tuesday as uncertainty of a trade deal being reached between the United States and China kept investors on edge.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »