U.S. stock futures, Asian share markets and oil prices slipped to multi-month lo...
TOKYO - U.S. stock futures, Asian share markets and oil prices slipped to multi-month lows on Monday on mounting worries growing Sino-U.S. tensions and Washington’s new tariff threats against Mexico could tip the global economy into a recession.
MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed in early trade, but held barely above last week’s four-month low. China will investigate whether FedEx Corp damaged the legal rights and interests of its clients, the official Xinhua news agency said on Saturday, after Chinese telecoms giant Huawei said parcels intended for it were diverted.
China’s Defence Minister Wei Fenghe warned the United States not to meddle in security disputes over Taiwan and the South China Sea. In a sign that Sino-U.S. frictions are putting a big strain on the global economy, South Korea’s exports - seen as a bellwether of world growth- fell 9.4 percent fall in May, worse than a median forecast for a 5.6 percent decline, official data showed on Saturday.
The 10-year U.S. Treasuries yield fell to as low as 2.125 percent, a nadir last seen in September 2017.
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