Chrisbless:
Asian shares seemed set for a turbulent start on Monday as the latest salvo in the U.S.-China trade war shook confidence in the world economy and sent investors steaming to the safe harbor of sovereign bonds and the Japanese yen.

The Chinese yuan was also under pressure in early trade, with the dollar quoted up at 7.1763 and markets braced for more intervention from Beijing to support the currency.

Asia shares shaken, yen jumps on China-U.S. trade jitters

Nikkei futures pointed to an opening fall of more than 3%, while E-Mini futures for the S&P 500 were trading down 1.2%.

Wall Street nose-dived on Friday when President Donald Trump announced a 5% additional duty on $550 billion in targeted Chinese goods, hours after China unveiled retaliatory tariffs on $75 billion worth of U.S. products.

At the G7 meeting in France over the weekend, Trump caused some confusion by indicating he may have had second thoughts on the tariffs.

But the White House said on Sunday that Trump wished he had raised tariffs on Chinese goods even higher last week, even as he signaled he did not plan to follow through with a demand that U.S. firms find ways to close operations in China.

“There is an uneasy feeling that the very fragile negotiations are spiraling out of control,” wrote analysts at ANZ in a note. Continue reading>>>> https://9japuse..com/2019/08/blog-post.html