Asian shares a sea of red as Hong Kong chaos hits sentiment – Yahoo Canada Finance


Traders work on the ground at the NYSE in New York

By Herbert Lash

NEW YORK (Reuters) – The dollar slid and global equity marketplaces fell on Monday just after U.S. President Donald Trump’s remarks in excess of the weekend dashed investor optimism that Washington and Beijing would shortly access a deal to conclude their debilitating trade war.

Moody’s warning on Britain’s sovereign financial debt weighed on shares in London, while escalating violence in Hong Kong led Asian equities to their most important everyday decline given that August, boosting need for the safe and sound-haven yen and Swiss franc.

Trump explained on Saturday that the U.S.-Sino trade talks have been shifting along “very nicely” but extra slowly than he would have favored. He also reported there experienced been incorrect reporting about U.S. willingness to raise tariffs.

Very last 7 days, U.S. and Chinese officials claimed they had agreed to roll again tariffs – a important thought for China – that currently are in location in a “period 1” trade offer.

The sixteen-month trade war among the world’s two largest economies has slowed world-wide expansion. Information over the weekend showed that China’s producer rates fell the most in much more than three years in Oct.

“It truly is diffi