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World markets dive as Trump sparks trade, North Korea worries

Global stocks sank Wednesday after US President Donald Trump said he was not satisfied with talks that are aimed at averting a trade war with China. Equities were also dented by poor eurozone economic data, and as Trump cast doubt on a planned summit with North Korean leader Kim Jong Un. “Trump (is) continuing to drive uncertainty over global trade,” said analyst Joshua Mahony at trading firm IG. “European markets are following their Asian counterparts lower, as a pessimistic tone from Trump is compounded by downbeat economic data,” he added. Markets had surged Monday after US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He said they had agreed to pull back from imposing threatened tariffs on billions of dollars of goods, and continue talks on a variety of trade issues. However, Trump has declared that he was “not satisfied” with the status of the talks, fuelling worries that the world’s top two economies could still slug out an economically pain...
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Tokyo stocks open lower after tech sell-off on Wall St.

Tokyo stocks opened lower on Tuesday after a Facebook data breach scandal sent US stocks sharply down.
The benchmark Nikkei 225 index lost 0.79 percent or 169.27 points to 21,311.63 in early trade, while the broader Topix index was down 0.66 percent or 11.43 points at 1,708.54.
“Japanese shares will likely fall again today with selling prevailing after the sharp falls in US stocks,” Okasan Online Securities said in a commentary.
Buying on dips would be limited before a public holiday in Japan on Wednesday as well as the US central bank’s policy meeting to be wrapped up Wednesday, it said.
On Wall Street, technology companies tumbled Monday following reports that the data analysis firm hired by Donald Trump’s 2016 presidential campaign stole information from 50 million Facebook user profiles to help design software to predict and influence voters’ choices.
The scandal sparked worries that it will lead to a regulatory crackdown on technology companies.
Telecom carrier and IT investor SoftBank Group fell 0.92 percent to 8,546 yen while Japan’s top e-commerce firm Rakuten dropped 0.60 percent to 907.9 yen.
Sony fell 1.92 percent to 5,044 yen and Panasonic sank 1.94 percent to 1,616.5 yen.
The dollar was trading at 106.00 yen against 106.10 yen in New York on Monday.

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