meanwhile US stocks fell on Wednesday as
investors scurried to the sidelines amid
growing concerns over slowing global
growth our Kim Hanul reports Wall Street
retreated Wednesday as the us-china
trade war continues to show no sign of
easing and on concerns over global
growth pushing investors to the relative
safety of government bonds the S&P 500
closed at its lowest point since March
11th ending under its 100-day moving
average for the first time since
February the Dow Jones Industrial
Average had more than 220 points or 0.9%
the smt 500 lost point seven percent and
the Nasdaq point eight percent this as
US trying to trade tensions continued to
weigh on stocks after chinese state
media suggested beijing may slash
exports of rare earth minerals a key
component in devices ranging from
smartphones to tvs opening another front
in its trade war with the u.s. the US
economy has been solid this year all the
indicators have been better than
expected but the trade conflict with
Beijing could not only hurt the Chinese
economy but also the US and the global
economy affecting intermediary goods and
trade the Trump administration's latest
currency tariff threat is also a huge
risk factor that could hurt global trade
and growth as uncertainties over
us-china trade tensions continues to
grow global bonds maintained their rally
pulling down yields the yield gap
between the US 10-year Treasury note and
the three-month Treasury bill often
watched as an early signal of a pending
recession slid to a 12-year low of minus
13 basis points the US dollar rose for a
Thursday versus its major peers
including the Japanese yen gold another
investor safe haven climbed and oil
retreated Yamato
Arirang news
