Trade fears still haunt Asian markets, and shares plunge on Thursday

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Ghost of the past Sino-U.S. trade dispute jumps out on Asian markets on Thursday.

The U.S.-China trade talks have been the talk of the town for the past two days, which feared investors that caused stock shares in Asia to fall once more.

The Hang Seng index of Hong Kong dropped 0.3%, while the Shanghai Composite Index of China decreased by 0.1%. The Nikkei of Japan and Kospi of South Korea lost 0.1% and 0.4% respectively.

The Chinese central bank, meanwhile, has not halted the continued weakening of the yuan despite the stronger-than-expected fixing of its rate. For this month, the yuan has plunged 3.8% outside of the country.

 The other Asian power currency, the Japanese yen, is gaining momentum, proving to be a safe-haven for investors. It traded at 105.88 per (U.S.) dollar, which was a notch higher than the last exchange.

More of the Japanese economy, the Bank of Japan board member on his speech warned about the implications of super-low interest rates, citing the economy to be more vulnerable.

 

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