Wednesday, 22 March 2017

Asian Stocks pull back on fresh doubts about Trump policies

Asian stocks fell on Wednesday as a sharp pullback in Wall Street on doubts about Donald Trump's economic agenda prompted investors to rush to safe-haven assets such as gold and government bonds. Both the S&P 500 and the Dow Jones Industrial Average lost more than one percent on Tuesday in frantic trading, their biggest one-day slide since before Donald Trump's election victory in November.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.5 percent in early trades after it hit its highest level since June 2015 in the previous session.

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