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Reuters BusinessNov 12, 2019
Asian shares slide on trade disappointment, HK unrest
Asian stocks and Wall Street futures fell on Wednesday, as growing worries that U.S.-China trade talks are stalling and concern about intensifying unrest in Hong Kong hurt demand for risky assets.

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GLOBAL MARKETS-Asian shares slide on trade disappointment, HK unrest (Reuters Company News)

Yahoo BusinessNov 12, 2019
Asian stocks fall on fears U.S.-China trade stalling
Asian stocks and Wall Street futures fell on Wednesday on growing worries U.S.-China trade talks are stalling after President Donald Trump failed to deliver any new information about when the two countries would sign a trade deal. The dollar drifted in Asia after Trump said a trade deal was "close" but gave no new details on when or where an agreement would be signed, disappointing investors in what was billed as a major speech on his administration's economic policies. Trump also rattled some investors by threatening China with even more tariffs if they do not sign a deal.


MarketWatch MarketPulseNov 12, 2019
Nasdaq logs 15th record of 2019 but stocks lose steam as Trump offers no new details on China trade deal
U.S. stock markets finished with lackluster gains on Tuesday but enough to push markets to levels at or near records. President Donald Trump said the U.S. and China are close to completing "phase one" of their trade deal, but didn't offer any fresh details. The Dow Jones Industrial Average finished the session virtually unchanged at around 27,691, narrowly missing its 10th record close of 2019. Meanwhile, the Nasdaq Composite Index closed up 0.3% to end at 8,486.09, while S&P 500 index finished with a lackluster gain of 0.2% to 3,091, also missing a record finish. All closing levels for benchmarks are on a preliminary level. Meanwhile, in corporate news, Dean Foods Co. voluntarily filed for chapter 11 bankruptcy protection on Tuesday, with the dairy company saying it was working toward an "orderly" sale of the company. Trade in the stock was halted, but had fallen 79% year-to-date. Separately, shares of Tyson Foods Inc. stock rose 7.4% Tuesday, even after the meat producer reported fourth-quarter earnings and sales that missed estimates.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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