‘Flight-to-safety’ remains default mode as US-China tensions show no signs of thawing

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Asian markets soured further on Friday, following US stocks lower on mounting fears that prolonged US-China trade tensions could have a more drastic impact on the global economy. The selloff this month indicates that markets are pricing in the prospects of a ramp up in the US-China conflict, as both sides appear to be digging their heels in deeper over recent days.

Investors have been trimming exposures to riskier assets and seeking refuge in safe havens, with Gold jumping over one percent back above the psychological $1,280 level, while yields on the benchmark 10-year US Treasuries are… Read More:

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