Stocks Struggle Near Three-Week Lows

Stocks Struggle Near Three-Week Lows

br Fresh sparring between Washington and Beijing over trade kept up pressure on world markets on Wednesday. led by the Indian rupee hitting a record low, equities were struggling and emerging currencies mostly weaker.br A bruising session in Asia took MSCI’s main Asia-Pacific ex-Japan index to a 10th straight day in the red. Reuters reports that its longest losing streak since September 2000.br Bourses in Shanghai, Hong Kong and Tokyo all closed lower, taking emerging equities to a new 15-month low. MSCI’s all-country equity index inched up marginally.br Salman Ahmed, chief investment strategist at Lombard Odier, said, “What the market needs is a signal of some relaxation in trade rhetoric, a bit of climbdown.


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Uploaded: 2018-09-13

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