Asia stocks dip after poor US data stokes recession fears
Updated : September 04, 2019 08:20 AM IST
Safe-haven government bonds fared well in the wake of risk aversion in the broader markets, with the benchmark US Treasury yield touching its lowest level in three years.
The US manufacturing sector contracted in August for the first time since 2016 amid worries about a weakening global economy.
The dollar index against a basket of six major currencies stood at 98.939 after rising overnight to 99.37, its highest level since May 2017.
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