Asia stocks falter as China knocked by renewed trade war fears

[To-Whose-Benefit?]

reuters
October 17, 2018 / 9:25 PM / Updated 2 hours ago
Tomo Uetake

[excerpt]

https://www.reuters.com/article/us-global-markets/asia-stocks-falter-as-china-knocked-by-renewed-trade-war-fears-idUSKCN1MS056

TOKYO (Reuters) - China’s benchmark stock index skidded to four-year lows and dragged Asian equities down on Thursday, as renewed fears of a broadening economic impact from an escalating Sino-U.S. trade conflict sapped confidence.

The dollar, however, was in fine fettle, hitting a one-week high after the minutes of the Federal Reserve’s latest meeting backed market expectations for borrowing costs to rise further.

While the Fed’s policy outlook suggested the U.S. economy was humming along nicely, the specter of rising dollar yields, which along with trade tensions were at the center of last week’s global equities rout, dented appetite for risk.