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06-28-2018, 02:04 AM
Asian shares drop to nine-month low on mounting trade war fears

Asian stocks slumped to nine-month lows on Thursday as investors worried that the Trump administration's approach to trade is harming global economic growth - even as the White House approach to Chinese investment in U.S. technology companies appeared to be softening. MSCI ACWI, the benchmark compiler's broadest gauge of world stocks covering 47 markets , fell 0.17 percent to its lowest level since early April. U.S. oil prices hit a 3-1/2-year high as plunging U.S. crude stockpiles compounded supply worries in a market already worried about uncertain Libyan exports, a production disruption in Canada, and Washington's demands that importers stop buying Iranian crude.

https://finance.yahoo.com/news/asian-shares-flirt-nine-month-012529210.html?.tsrc=rss