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Spreading trade war, Dow dive spark Asia markets sell-off

But prognosis for regional markets not dire given their relatively low valuation

Anita Gabriel

Published Thu, Oct 3, 2019 · 09:50 PM

Singapore

THE overnight bloodbath on Wall Street triggered sell-offs in Asian equities on Thursday, unsettling markets already mired in poor global data, a spreading trade war, Brexit jitters and Washington's impeachment saga.

Oil prices also tanked after an unexpected rise in US official crude inventories, adding to the string of worrying economic news and heightened recessionary fears.