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Asia stocks nurse losses, bonds hold huge gains

Updated : August 16, 2019 08:29 AM IST

Beijing on Thursday vowed to counter the latest tariffs on $300 billion of Chinese goods but called on the United States to meet it halfway on a potential trade deal.
Japan's Nikkei fell 0.5 percent, making a loss of 1.8 percent on the week, while commodity-exposed Australia was heading for a weekly drubbing of 2.7 percent.
The spectacular rally in bonds remained the main investor focus. Yields on 30-year paper hit an all-time low of 1.916 percent to be down 27 basis points for the week, the sharpest such decline since mid-2012.
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