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Yen Rises, Stocks Slip As U.S. Raises Trade Conflict Stakes

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TOKYO (Reuters) - The yen rose across the board on Wednesday and Asian stocks were poised to come under pressure after the United States said it would impose tariffs on an extra 200 billion worth of Chinese imports, escalating the trade war. The United States had just imposed tariffs on $34 billion worth of Chinese goods on Friday, firing the first shots of a trade war. S&P 500 and Dow futures were down 0.73 percent and 0.83 percent, respectively, pointing to a lower open for Wall Street later in the day.

Added on the 10/07/2018 19:33:20 - Copyright : Wochit

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