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Asian Stocks Struggle As Traders Eye Fed Saga, Trade War

Stocks Struggle
International Business Times Fews App News Provider
Fews App Post Time ha 15h

Tokyo-listed shares of 7-Eleven owner Seven & i Holdings plunged more than nine percent after a takeover deal fell through AFP Asian markets fluctuated Thursday after a rollercoaster day on Wall Street punctuated by fears Donald Trump was considering sacking the head of the US Federal Reserve. Traders have walked a cautious line this week as they ascertain the trade outlook after the US president unveiled a flurry of fresh tariff threats, with the latest being letters to scores of countries notifying them of levies of up to 15 percent. Meanwhile, Tokyo-listed shares in the Japanese owner of 7-Eleven plunged after its Canadian rival pulled out of an almost $50 billion takeover bid, ending a long-running battle over the convenience store giant.

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