May 13 2019
Stocks, Yuan Decline as China Retaliation Awaited
Stocks in Asia fell along with U.S equity figures, the Yuan and treasury yields as investors looked out for details on counter-measures China warned it would execute following last week’s aggravation of in the trade war between the world’s top two economies.
With no date scheduled for a recommencement in bilateral talks, shares plunged in Shanghai and Seoul, while declines were more limited in Tokyo.
Stocks in China were hit hard last week as the U.S. increased levies on about $200 billion worth of Chinese goods.