Stocks

Trade War Hits Stocks as $8 Trillion in Bear Market

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Gold Silver Reports (GSR) – Trade War Hits Stocks as $8 Trillion in Bear Market — The MSCI Emerging Markets Index sank to the lowest in 10 months, while 18 out of 24 currencies tracked by Bloomberg fell. The Shanghai Composite Index has tumbled 20 percent from its peak in January, with China joining nations such as Turkey and Pakistan in crossing that threshold. The risk premium on sovereign bonds over U.S. Treasuries widened.

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Equities Tumbled Around the World on Reports

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Gold Silver Reports (GSR) – Equities tumbled around the world on reports that the Treasury department will propose limits on Chinese technology investment, straining already tense relations between the world’s two largest economies. Navarro said on CNBC that there were no plans to impose restrictions, sparking a late-day rebound. China and Europe warned the escalating trade war could trigger a global recession.                    

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KRBL Slides After Report On Former Director’s Role In AgustaWestland Case

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Gold Silver Reports (GSR) – KRBL Slides After Report On Former Director’s Role In AgustaWestland Case – Shares of the food processing company fell as much as 20.3 percent to Rs 373.50. — The company’s former director Gautam Khaitan was arrested by the enforcement directorate (ED) in connection with the AgustaWestland case, according to a report by The Sunday Guardian.

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