Recession Fears: Market Analyst and Market Slide

recession fears: Mining giants BHP BHP, 0.16% and Rio Tinto RIO, -0.74% declined in Australia, as did Beach Energy BPT, -2.94% . The latest market slide comes as investors worry that the trade war between the U.S. and China will derail global economic and corporate profit growth as it drags on with no sign of a resolution, according to Market Watch. The cracks in global equity markets threatened to grow wider still as relentless haven-buying of sovereign bonds overnight pushed key yields even lower and sent recession fears through stocks, said Jeffrey Halley, senior market analyst at Oanda. Japan's benchmark Nikkei 225 NIK, -1.63% closed down nearly 0.3%. Australia's S&P/ASX 200 XJO, 0.08% fell 0.7% while South Korea's Kospi 180721, 0.14% rose nearly 0.8%. Hong Kong's Hang Seng HSI, -0.79% finished 0.4% lower, while the Shanghai Composite SHCOMP, -0.24% lost 0.3%. Stocks rose in Taiwan Y9999, 1.11% but fell in Singapore STI, -0.80% . Among individual stocks, Soft Bank Group 9984, -1.11% and Fast Retailing 9983, -2.18% fell in Tokyo trading, as did Nintendo 7974, 0.78% . In Hong Kong, Sunny Optical 2382, 0.54% and AAC 2018, 0.12% dropped, along with CSPC Pharmaceutical 1093, 0.32% . Samsung 005930, -0.12% and LG Electronics 066570, 0.26% advanced in South Korea. Asia is unlikely to feel much relief today either with both the Nikkei 225 and the ASX 200 down. The index had been down 1.3% earlier. On Wall Street, overnight, the S&P 500 index SPX, -1.32% fell 19.37 points, or 0.7%, to 2,783.02. (news.financializer.com). As reported in the news.