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Trade woes sink shares, Brexit weighs on sterling

Video Credit: Reuters Studio - Duration: 01:09s - Published < > Embed
Trade woes sink shares, Brexit weighs on sterling

Trade woes sink shares, Brexit weighs on sterling

World shares made it four days in the red in the last five on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war.

As Francis Maguire reports, the Chinese yuan struggled while sterling lost ground due to the worries about Brexit.

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Trade woes sink shares, Brexit weighs on sterling

A fourth day in the red for world shares Thursday, As worries grow the Sino-U.S. trade is now a technology cold war.

Asian stocks hit a four-month low, While trade tensions hurt Europe's bourses, Which also fell due to Brexit concerns, and weak data from Germany and the euro zone.

(SOUNDBITE) (German) HEAD OF CAPITAL MARKET ANALYSIS AT BAADER BANK, ROBERT HALVER, SAYING (on DAX): "There is no solution in sight for Brexit, there is the trade war, we have bad Ifo consumer index data and the only support right now is monetary policy.

But that is only one pillar and the second one is missing ." Investors fear the trade war could drag-on and escalate.

The U.S. put China's Huawei on a trade blacklist last week And a source also told Reuters the U.S. is considering sanctions against Chinese video surveillance firm Hikvision over the country's treatment of its Uigher Muslim minority.

The trade war headwinds blew across currencies, Pushing China's yuan to a near six-month low.

Sterling hit a four month low just above $1.26 - nine drops in ten days for the British currency now.

UK politics a key reason for the weakening pound, As Prime Minister Theresa May comes under pressure to resign as her latest Brexit plan backfired,




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