TOKYO (Reuters) – Global stocks were hit by U.S.-China trade frictions on Tuesday while the British pound flirted with 2 1/2-year lows as Prime Minister Boris Johnson indicated he could call an election to stymie lawmakers’ efforts to avert a no-deal Brexit.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS shed 0.2% in early trade while Japan’s Nikkei .N225 was flat.
U.S. bond yields were little changed in early Tuesday trade after a market holiday in the United States on Monday. The 10-year U.S. Treasuries yield was flat at 1.506% US10YT=RR.
Global shares face headwinds from tariffs Washington and Beijing slapped on each other.
The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday and China began imposing new duties on U.S. crude oil, the latest escalation in their trade war.
Although U.S. President Donald Trump has said both sides would still meet for talks later this month, tensions have shown little sign of abating. …
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