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Asian shares falter as U.S.-China trade war, recession worries weigh


Added 08-11-19 10:03:02pm EST - “Asian shares fell on Monday morning, while gold prices held firm as investors wo...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Asian shares falter as U.S.-China trade war, recession worries weigh”. Below is an excerpt from the article.

SHANGHAI (Reuters) - 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. economies into recession.

In early trade, MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.17%, after Wall Street broke a three-day winning streak to end lower on Friday.

Australian shares dipped about 0.1% while the South Korean market clawed back from early losses to rise 0.12%.

U.S. shares finished lower on Friday after U.S. President Donald Trump said that Washington was continuing trade talks with Beijing, but that the U.S. was not going to make a deal for now.

Those comments helped to drive a late sell-off in a volatile session that saw the Dow Jones Industrial Average fall 0.34%, the S&P 500 lose 0.66% and the Nasdaq Composite drop 1%.

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