Global trade war concerns hurt most S-E Asian stocks; Singapore rises

The Philippines stocks fell on Tuesday on the peso’s continued slide coupled with renewed trade war concerns, while Singapore extended gains for a fifth session thanks to “window dressing” attempts by portfolio managers ahead of the third quarter close. Broader Asian stocks struggled as the latest round of US-China tariffs revived fears the trade dispute would knock global growth, with neither side looking to be in a mood to compromise.

MSCI’s broadest index of APAC shares outside Japan edged down 0.3 per cent.

“The failure of China and the US to come to terms on the negotiation table