SE Asia Stocks-Plunge as trade war escalates; Philippines slumps over 2%
Southeast Asian stock markets took a
beating on Monday, with Philippines and Singapore sinking about
2%, as the Sino-U.S. trade war intensified, while weakening
services sector data from China added to the gloom.
Risk appetite was all but erased as a sudden escalation by
U.S. President Donald Trump last week broke a month-long trade
truce, with China vowing to counter
beating on Monday, with Philippines and Singapore sinking about
2%, as the Sino-U.S. trade war intensified, while weakening
services sector data from China added to the gloom.
Risk appetite was all but erased as a sudden escalation by
U.S. President Donald Trump last week broke a month-long trade
truce, with China vowing to counter
Posted by Reuters