Asianstocks Fail To Catch Wall Street’s Fed Cheer As Trade Angst Dominates

Asianstocks Fail To Catch Wall Street’s Fed Cheer As Trade Angst Dominates

Friday, June 21, 2019
Asian stocks struggled on Friday to track Wall Street’s exuberance about a possible U.S. rate cut next month as anxiety over Sino-U.S. trade negotiations clouded the investor mood in the region.

Also tempering appetite in Asia were fresh worries about Middle East tensions, after Iran shot down a U.S. military drone, raising fears of a military confrontation between Tehran and Washington and pushing the crude oil price higher.

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