You are here: Home » Markets » News
Business Standard

Asian markets fret about US political theatre amid signs of global slowdown

Trump on Sunday said he was replacing Defense Secretary Jim Mattis two months early, a move officials said was driven by the president's anger at Mattis' resignation letter

Reuters  |  SYDNEY 

Asian stocks were subdued on Monday as investors fretted that political instability in the United States was leaving the country rudderless at a time when the global economy was showing signs of faltering. Moves were limited by a holiday in Japan while many bourses are set to close early for Christmas. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.5 percent to its lowest in seven weeks. Yet Chinese blue chips managed to edge up 0.2 percent, while E-Mini futures for the S&P 500 recouped early losses to rise 0.4 percent. U.S. President Donald Trump's ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, December 24 2018. 08:14 IST