Shares fall after Argentina peso tumble, safe-havens shine

Financial Post | Aug 13, 2019 at 1:01 PM
  • Share markets fell for a third straight day on Tuesday as fears about a drawnout global trade war, protests in Hong Kong and a crash in Argentina’s peso currency kept investors huddled in bonds, gold, and the Japanese yen for safety.
  • If that wasn’t enough, Europe’s bourses and the euro were given an additional shove lower by an alarming German sentiment survey after some heavy falls in China, Hong Kong, Japan had also whacked down Asia overnight.
  • MSCI’s main 47-country world index has dropped nearly 4% this month already and with Wall Street futures pointing to a 0.2% start in the red for New York, those hoping for a rebound were left tallying up the worries.
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  • Shares fall after Argentina peso tumble, safe-havens shine (Reuters: Aug 13, 2019 at 1:00 PM)