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.

Stock Markets

  • 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.

Oil Prices

  • 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.

Bonds

  • The yield on US 10-year Treasury slipped 0.009 percentage points to 0.6705 per cent, as investors moved into the debt.

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