Asian shares fell on Monday morning, while gold prices held firm as investors worried a prolonged Sino-U.S. trade war could tip the world and U.S.
SHANGHAI: Asian shares fell on Monday morning, while gold prices held firm as investors worried a prolonged Sino-US trade war could tip the world and US economies into recession.
The uncertainty and lack of progress around the talks have kept financial markets on edge over recent months, with investors pulling out funds from riskier assets amid the slowdown in global growth and corporate profits. A flight to perceived safe-haven assets helped to lift the price of gold above US$1,500 last week for the first time since April 2013. After giving up some gains on Friday, the precious metal was higher on Monday, rising 0.18per cent to US$1,499.52 per ounce.
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.
Goldman Sachs economists say fears rise that US-China trade war leading to recessionGoldman Sachs Group Inc said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer ...
Read more »
US to China: Stop 'dangerous' media reports on diplomat in Hong KongWASHINGTON: The United States on Friday (Aug 9) demanded that Beijing-backed news outlets stop sharing 'dangerous' reports after a newspaper ...
Read more »
US to China: Stop 'dangerous' media reports on diplomat in HK[WASHINGTON] The United States on Friday demanded that Beijing-backed news outlets stop sharing 'dangerous' reports after a newspaper revealed personal information about an American diplomat in Hong Kong who met with pro-democracy activists. Read more at The Business Times.
Read more »
IMF warns increasing US tariffs could cut China growth sharplyChina's economy already is slowing amid the trade conflict with the United States, but if Washington were to ramp up tariffs even further it could cut Chinese growth sharply, the IMF warned Friday. The International Monetary Fund already had trimmed its growth forecast for China to 6.2 percent this
Read more »
IMF warns increasing US tariffs could cut China growth sharply[WASHINGTON] China's economy already is slowing amid the trade conflict with the United States, but if Washington were to ramp up tariffs even further it could cut Chinese growth sharply, the International Monetary Fund (IMF) warned on Friday. Read more at The Business Times.
Read more »
US, China step up war of words over Hong KongThe United States and China have stepped up an increasingly harsh war of words over pro-democracy protests in Hong Kong, as Beijing seeks to push its accusations that the mass demonstrations are being fueled by foreign powers. In the latest exchange, Washington on Friday called out Beijing-backed news
Read more »