US-China Tension, Growth Fears May Sap Asia Stocks: Markets Wrap – Bloomberg

US equity futures slid Tuesday amid escalating US-China tension over Taiwan and deepening worries about a global economic slowdown, driving investors into the safety of government bonds.

Nasdaq 100 contracts slumped 0.7% and those on the S&P 500 also fell as July’s equity market rebound stumbled into August. Stocks in Europe dipped, and equity markets in China and Hong Kong were the worst performers in Asia as security analysts outlined potential military responses from Beijing.

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US-China Tension, Growth Fears May Sap Asia Stocks: Markets Wrap – Bloomberg

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