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Asian Stocks: Trump's tariffs jolt global shares, lift safe-haven assets

Updated : August 02, 2019 08:30 AM IST

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.51 percent to its lowest level since mid-June while Japan's Nikkei tumbled 1.91 percent.
The 10-year US bond yield fell almost 12 basis points on Thursday to 1.902 percent, hitting the lowest level since Nov. 8, 2016, when Trump won a surprise victory in the presidential election.
Trump’s decision has thrown the Federal Reserve another curveball that may force it to again cut interest rates to protect the US economy from trade-policy risks after its first rate cut in more than a decade on Wednesday.

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