Asia stocks sag, bonds rally as trade war fears persist
Updated : May 30, 2019 06:44 AM IST
The dispute between the world's two largest economies showed few signs of abating, with Chinese newspapers reporting that Beijing could use rare earths to strike back at Washington after US President Donald Trump remarked he was "not yet ready" to make a deal with China over trade.
Japan's Nikkei was down 0.5 percent and Australian stocks shed 0.66 percent. MSCI's broadest index of Asia-Pacific shares outside Japan stood little changed after slipping to a four-month low the previous day.
Lower Treasury yields notwithstanding, the dollar index against a basket of six major currencies was steady at 98.139 following two straight days of gains, with the greenback serving as a safe haven.