Monday, 5 August 2019

MIDEAST STOCKS-Trade war rattles Gulf stocks, #Qatar slips to worst day in two years - Reuters

MIDEAST STOCKS-Trade war rattles Gulf stocks, Qatar slips to worst day in two years - Reuters:

Gulf stock markets tumbled on Monday and Qatar suffered
its biggest single-day loss as a new war of trade between the United States and
China drove investors towards safer assets.

Investors are also cashing in their positions ahead of a religious holiday
starting from Sunday.

U.S. President Donald Trump last week threatened to impose a 10% tariff on
remaining $300 billion worth of Chinese imports and China said it would
retaliate, adding to the woes of a global economy already showing signs of
slowing down.

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