Asia stocks paralysed, bonds electrified by recession risk
Asian shares braced for more volatility on Thursday as eye-catching easings by central banks stoked fears of global recession, driving U.S. yields to near-record lows and lifting gold past $1,500 for the first time since 2013. The precious metal has surged 16% since May as the worsening Sino-U.S. trade dispute sparked a rush to safe havens. "Financial markets are raising risks of recession," said JPMorgan economist Joseph Lupton.
Published:8/7/2019 8:11:37 PM