Trump's Tariff Threats Erase $220 Billion From Asia Stock Values
- BHP Billiton drops as Escondida workers vote for a strike
- Tencent loses as much as 4.1%, takes this week’s slide to 7.6%
This article is for subscribers only.
The respite was brief: A fresh round of trade-war fears sent stock markets sinking across Asia.
Investors had nowhere to hide, with equity gauges from Japan to India plunging on Thursday. The MSCI Asia Pacific Index dropped as much as 1.4 percent, heading for its biggest slide in six weeks as more than $220 billion in equity-market value evaporated, according to data compiled by Bloomberg. The measure has lost 2.1 percent from a high less than a week ago.