Asian stocks ease on anxiety over trade, growth risks
Updated : February 08, 2019 12:41 PM IST
Hong Kong's Hang Seng lost 0.25 percent and South Korea's KOSPI retreated 1.1 percent. Japan's Nikkei tumbled about 2 percent.
The European Commission on Thursday sharply cut its forecasts for euro zone economic growth this year and next, stoking fears a global slowdown is spreading to Europe as businesses and investors grapple with trade frictions.
The 10-year US Treasury yield extended its overnight decline to a one-week low of 2.643 percent. The 20-year Japanese government bond yield dropped to a 27-month trough of 0.400 percent.
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