Asia Stocks to Drop Amid Escalating Trade Tension: Markets Wrap

Stocks in Asia looked set for further declines Friday, on track for a third week of losses, on the deepening trade tensions between the U.S. and China. Treasuries soared and U.S. shares tumbled. Futures signaled losses of more than 1% for Japanese shares, with contracts in Hong Kong and Australia also in the red. The rally in bonds intensified, with yields on 10-year Treasuries slumping to the lowest since 2017 and Australian government bond yields falling to a fresh all-time low. The Bloomberg Dollar Spot Index surged to its highest level this year before retreating. Crude oil steadied after tumbling more than 5%. Read More @ https://www.bloomberg.com//news/articles/2019-05-23/asia-stocks-to-drop-amid-escalating-trade-tension-markets-wrap?srnd=markets-vp

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