HONG KONG (AP) — Asian shares tumbled Monday, with benchmarks in Tokyo and Taiwan falling more than 4%, while the price of gold hit a record high at nearly $3,150 an ounce.
Investors have pulled back and sought traditional safe havens like gold as worries build over a potentially toxic mix of worsening inflation and a U.S. economy slowing because households are afraid to spend due to the deepening trade war that has escalated under U.S. President Donald Trump.
U.S. futures and oil prices were lower.
Thailand’s SET lost 1.5% after a powerful earthquake centered in Myanmar rattled the region, causing widespread destruction in the country, also known
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