Asian markets dig deeper hole as selloff continues



Asian stocks mostly fell on Thursday after another round of Wall Street sales and investor concerns about a trade war.

The Nikkei 225 reference index of Japan

NIK, -0.29%

It fell almost 0.9% in the morning trade. S & P / ASX 200 from Australia

XJO, -0.74%

fell 0.7%, while Kospi from South Korea

180721, + 0.77%

It rose 0.2%. Hang Seng of Hong Kong

HSI, -0.40%

fell 0.6%, while the Shanghai Composite

SHCOMP, -0.37%

lost 0.8%. Stocks rose in Taiwan

Y9999, + 0.79%

but it fell in Singapore

ITS, -0.80%

.

Among the individual shares, SoftBank Group

9984, -1.29%

and fast retail

9983, -1.55%

It fell in the Tokyo trade, like Nintendo.

7974, -1.44%

. In Hong Kong, Sunny Optical

2382, -3.55%

and AAC

2018, -1.54%

fell, along with CSPC Pharmaceutical

1093, -3.68%

. Samsung

005930, + 1.79%

and LG Electronics

066570, + 1.82%

He advanced in South Korea. Giant miners BHP

BHP, -1.72%

and rio red

River -3.33%

decreased in Australia, like Beach Energy

BPT, -3.61%

.

The latest market crash comes as investors worry that the US-China trade war will derail global economic growth and corporate profits as it continues without signs of resolution.

"Cracks in global equity markets threatened to widen further as the relentless buying of sovereign bonds overnight pushed even lower key yields and sent recession fears through stocks," said Jeffrey Halley, badyst senior market in Oanda.

"Asia is unlikely to feel much relief, either with the Nikkei 225 and the ASX 200 dropped."

On Wall Street, overnight, the S & P 500 index.

SPX, -0.69%

They fell 19.37 points, or 0.7%, to 2,783.02. The index had fallen 1.3% before. The Dow Jones Industrial Average

DJIA, -0.87%

he lost 221.36 points, or 0.9%, to 25,126.41. It had dropped 409 points. The Nasdaq compound

COMP, -0.79%

slipped 60.04 points, or 0.8%, to 7,547.31.

With two more trading days left in May, the S & P 500 is headed for a 5.5% loss. That would be his first monthly loss since December. The market has been steadily shrinking this month, as prospects for the economy have weakened and traders became more concerned about the persistent trade dispute between Washington and Beijing.

In early May, the United States and China concluded their 11th round of trade negotiations without agreement. The United States then more than doubled taxes on $ 200 billion in Chinese imports, and China responded by raising its own tariffs.

Reference point of the United States crude oil.

CLN19, + 0.99%

added 29 cents to $ 59.10 It was down 0.6% to settle at $ 58.81 a barrel on Wednesday. Raw Brent

BRNN19, + 0.66%

, the international standard, won 15 cents at $ 68.02 per barrel.

The dollar

USDJPY, + 0.16%

It rose to 109.54 Japanese yen from 109.31 yen on Wednesday.


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