Stock Markets Remain Tense Over US-China Trade Talks
Arslan Butt • 1 min read
Asian stocks followed Wall Street as they slid lower over fears of global economic growth being impacted by the deterioration in US-China trade talks. Japan’s NIKKEI225 was down by almost 1%, at 21923.
Things were not so good for Wall Street during Tuesday’s US Session – SPX was down by 1.6 percent while DJIA lost 1.8 percent over trade tensions building up. Markets have been tense ever since Trump threatened another round of tariff hike on Chinese imports.
While the Chinese Vice Premier Liu He has confirmed that he is still set to visit Washington to continue with the discussions, optimism that a trade deal will be finalized remains low. Market analysts doubt that the recent flare-up will be resolved with two days of talks at the end of this week.