Global stock markets mostly closed in the red on Monday (Aug. 12) amid the prolonged trade war between the United States (U.S.) and China. Investors then piled into gold, safe-haven yen, and bonds. The yen rose to its highest in more than a year and a half versus the dollar on the prospect the Japanese currency could gain more in the case of a drawn-out U.S.-Sino trade conflict, Reuters reported. Political unrest in Hong Kong and Argentina also undermined market sentiment.
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