Asia stocks sag, bonds rally as trade war fears persist

World News: . []

Asia stocks sag, bonds rally as trade war fears persistAsian stocks tracked Wall Street losses on Thursday as rhetoric from Beijing and Washington over trade matters kept alive investor concerns about the tariff war's impact on global economic growth. The risk aversion propped up global safe-haven assets such as government bonds, with yields on German benchmark debt approaching record lows. The dispute between the world's two largest economies showed few signs of abating, with Chinese newspapers reporting that Beijing could use rare earths to strike back at Washington after U.S. President Donald Trump remarked he was 'not yet ready' to make a deal with China over trade.

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