A port worker watches as a ship leaves the New Priok Container Terminal 1 in North Jakarta, Indonesia. A perceived lower trade risk compared to some other countries supported business confidence in Southeast Asia
JAKARTA: Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/INSEAD survey showed.
Representing the six-month outlook of 104 firms, the Thomson Reuters/INSEAD Asian Business Sentiment Index fell to 58 for the July-September quarter, its lowest since the fourth quarter of 2015, from 74 three months before.
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