After the China-US trade war that was a risk for global Economy, now the release of a whistleblower complaint against U.S. President Donald Trump added to worries about the global economy, and as a result the Asian shares slipped to three-week lows on Friday.
MSCI’s broadest index of Asia-Pacific shares outside Japan lost 0.35%, having fallen 1.65% so far this week.
Japan’s Nikkei slid 1.30%.
U.S. S&P 500 futures fell 0.13% in Asian trading after the index dropped 0.24% on Thursday.
European shares’ condition is better, with Euro Stoxx 50 futures up 0.17%, German DAX futures rising 0.12% and FTSE futures up 0.1%.
A whistleblower report released on Thursday said President Donald Trump not only abused his office in attempting to solicit Ukraine’s interference in the 2020 U.S. election, but that the White House tried to hide evidence about that.
“The start of the impeachment inquiry adds a new element of uncertainties to markets, in addition to ongoing concerns about the U.S.-China trade war and the risk of a U.S. recession,” said chief investment strategist at Morgan Stanley Securities.
On trade issues, there are mixed headlines. CNBC reported that trade talks were scheduled for Oct. 10-11, and China’s top diplomat said China was willing to buy more U.S. products. But other media reports on Thursday that the US is unlikely to allow American firms to supply China’s Huawei Technologies.