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Asia markets slide on trade concerns

This follows Tuesday's Wall Street sell-off, triggered by hawkish US officials who favour stiffer levies on China

Published Wed, May 8, 2019 · 09:50 PM

WANING sentiment over a US-China trade resolution sent investors running for the hills in a broadly lower session in Asia.

This followed a Wall Street sell-off on Tuesday, triggered by key US officials being supportive of increasing levies on Chinese imports.

The mood on the day saw the Straits Times Index (STI) reverse Tuesday's 0.7 per cent gain to close at 3,283.84 on Wednesday, down 28.68 points or 0.9 per cent. It has fallen by 108.45 points or 3.2 per cent this week.

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