[HONG KONG] Most Asian markets fell on Monday as fresh Chinese and US tariffs on goods worth hundreds of billions of dollars kicked in, though Donald Trump reiterated that the two sides were still due to holds talks this month. Read more at The Business Times.
[HONG KONG] Most Asian markets fell on Monday as fresh Chinese and US tariffs on goods worth hundreds of billions of dollars kicked in, though Donald Trump reiterated that the two sides were still due to holds talks this month.
The measures are the latest in the long-running trade war between the world's top two economies, which has rattled global markets and hitting growth across the planet.Still, Mr Trump said negotiators would meet this month to discuss the issue."We are talking to China, the meeting is still on," he told reporters.However, analysts warned there was unlikely to be any end in the near term.
But Shanghai rose 0.7 per cent after a better-than-expected reading on Chinese factory activity, though investors remain uncertain about the outlook as the trade war bites deeper.Hong Kong sank after a weekend that saw some of the worst violence since protests began three months ago, with the airport targeted again, and demonstrators have called for a general strike on Monday.
"The answer is, not good, to put it bluntly. The economic impact will surely show in Hong Kong data going forward and may temper the mood of equity traders in Asia as the new month begins."
Singapore Latest News, Singapore Headlines
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