Trader Thomas Ferrigno works on the floor of the New York Stock Exchange on May 17, 2019. The current level of asset prices does not reflect the increasing probability of a protracted trade war. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

As the US-China trade war escalates, stock markets have been shaken but not stirred

  • A mere 3 per cent drop in the S&P 500 this month, despite the escalation in the US-China trade war, indicates that markets have not adequately grasped the risk that the conflict poses

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Trader Thomas Ferrigno works on the floor of the New York Stock Exchange on May 17, 2019. The current level of asset prices does not reflect the increasing probability of a protracted trade war. Photo: AP
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