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Wednesday, 10/24/2018 9:13:25 AM

Wednesday, October 24, 2018 9:13:25 AM

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The trade spat between the U.S. and China is starting to hit shares in Asia , says BlackRock . The fund manager notes that so far this year in the region corporate profitability and economic growth have been robust, but equities have declined more than 20% as fears about future growth have hit share prices. Concerns have included U.S. Federal Reserve tightening and China's own debt cuts, though the biggest is now the trade row. BlackRock says it's affecting corporate and consumer sentiment. "There's evidence people are starting to adjust their behaviors on the unknowns associated with trade," says BlackRock's Andrew Swan , head of Asian and global emerging market equities

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