![GLOBAL MARKETS-Asian stocks tumble after U.S. announces tariffs on Europe]( "GLOBAL MARKETS-Asian stocks tumble after U.S. announces tariffs on Europe")
Asian stocks, already under pressure from growing global growth fears, tumbled on Thursday after New York markets slumped overnight because the United States opened a new trade war front by saying it will impose tariffs on $7.5 billion of goods from the European Union. The two-year yield fell to 1.4760%, close to a two-year low of 1.4280%, after a weak U.S. private sector jobs report depressed boosted expectations that the Federal Reserve will cut interest rates this month.
Source: yahoo.com/news
