STI rebounds 0.6% but trade fears weigh
DBS Group Research warns of a volatile Q3, says upside limited with market unlikely to return to January's high
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STOCK markets in Asia languished as trade angst continued to weigh on global markets.
With no end in sight for the escalating trade war, investors sent China into bear market territory. China's yuan had slumped to a near six-month low against the dollar, while 0.5-0.8 per cent fall on big share markets left them down 20 per cent from their January peaks, a threshold that defines a bear market, according to Reuters.
"Trade tensions continue to snowball and the synchronised weakness in global equity markets sets Asian markets for another weak start on Tuesday," said Pan Jingyi, market strategist at IG.
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