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Global recession fears spook Asia markets

STI falls 2% at the open but claws back early losses to finish at 3,126.09, down 21.51 points or 0.7%

Published Thu, Aug 15, 2019 · 09:50 PM

INVESTMENT sentiment continues to seesaw since US President Donald Trump declared tariffs on remaining Chinese imports. But on Thursday, investors in Asia appeared mostly concerned over global recession fears, thanks to a brief US yield curve inversion of the US 10-year and two-year treasury yield curve.

Regional indices opene…

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