Global stocks slip as US-China tensions add to economic concerns
Global stocks slipped on Thursday, with investors still cautious over the health of the global economy and tensions between the US and China rising.
- European stocks fell in morning trading, with London’s FTSE 100 down 0.7 per cent.
- Frankfurt’s Xetra Dax slipping 1.3 per cent.
- Japan’s benchmark Topix fell 0.2 per cent.
- China’s CSI 300 of Shanghai and Shenzhen-listed stocks shed 0.5 per cent.
- Hong Kong’s Hang Seng index dropped 0.5 per cent.
- Brent crude, the international benchmark, rose 2.3 per cent to $36.60 a barrel.
- West Texas Intermediate, the US marker, rose 2.5 per cent to $34.30 a barrel.
- The yield on US 10-year Treasury slipped 0.009 percentage points to 0.6705 per cent, as investors moved into the debt.