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Chipmakers, trade fears drag down stocks

Chipmakers, trade fears drag down stocks

U.S. stocks fell in afternoon trading Friday on Wall Street after a major chipmaker issued a sharp warning about how the U.S.-China trade war is disrupting a key industry. Technology led the broader market lower at the end of an uneven week of trading. Broadcom warned that demand for chips has slumped because of restrictions on sales to Chinese technology

Safe havens emerge in China, South Asia as recession risks grow

Safe havens emerge in China, South Asia as recession risks grow

HONG KONG/SYDNEY (Reuters) - Fears of a global recession are on the rise as the U.S.-China trade war re-escalated in May, sending investors to the safety of U.S Treasuries, the Japanese yen and gold. But in Asia, investors are exploring new sanctuaries, from Chinese consumer stocks to Thai government bonds, some of which have thrived despite their

Factbox: Safe havens emerge in China, South Asia as recession risks grow

Factbox: Safe havens emerge in China, South Asia as recession risks grow

HONG KONG/SYDNEY (Reuters) - Fears of a global recession are on the rise as the U.S.-China trade war re-escalated in May, sending investors to the safety of U.S Treasuries, the Japanese yen and gold. But in Asia, investors are exploring new sanctuaries, from Chinese consumer stocks to Thai government bonds, some of which have thrived despite their

Seeking shelter from trade war, fund managers bet on China's consumers

Seeking shelter from trade war, fund managers bet on China's consumers

SYDNEY/HONG KONG (Reuters) - China may be an odd choice for investors seeking shelter from a Sino-U.S. trade war. Yet, money managers in Asia are pouring funds into Chinese stocks as the long-term promise of a growing middle class trumps more immediate fears about tariffs. It is also a vote of confidence in Beijing’s aggressive policy response to a