Asia shares shaken, yen jumps on China-U.S. trade jitters

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Asian shares seemed set for a turbulent start on Monday as the latest salvo in the U.S.-China trade war shook confidence in the world economy and sent investors steaming to the safe harbor of sovereign bonds and the Japanese yen.

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SYDNEY (Reuters) – Asian shares seemed set for a turbulent start on Monday as the latest salvo in the U.S.-China trade war shook confidence in the world economy and sent investors steaming to the safe harbor of sovereign bonds and the Japanese yen.

A woman counts Japanese 10,000 yen notes in Tokyo, in this February 28, 2013 picture illustration. REUTERS/Shohei Miyano/Illustration/File Photo

Spot gold got a boost from the slide in the dollar and yields, rising 1.3% to $1,546.51 per ounce.

Oil prices went the other way on worries the tariffs dispute would crimp world demand.

Brent crude futures slid 91 cents to $58.43, while U.S. crude lost 98 cents to $53.19 a barrel.

Reporting by Wayne Cole; Editing by Peter Cooney


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Author:

Asian shares seemed set for a turbulent start on Monday as the latest salvo in the U.S.-China trade war shook confidence in the world economy and sent investors steaming to the safe harbor of sovereign bonds and the Japanese yen.

Source: {authorlink}

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