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Global Markets: Trade war uncertainty drags on markets, world stock index down for fifth day

by_sinéad_carew
Global Markets: Trade war uncertainty drags on markets, world stock index down for fifth day

MSCI's global stock index fell for a fifth straight day on Thursday and emerging market stocks were in their sixth day of declines as investors braced for an escalation in the trade war between the United States and China. The dollar edged down though it still received support from concerns about U.S. President Donald Trump imposing further tariffs on Chinese imports. MSCI's emerging market stock index lost 0.32 percent and was near a 13-month low hit last month.