After the U.S.
President Donald Trump commented on trade talks with China at a campaign rally
that “China broke the deal” U.S. stock futures dropped as much as 0.7 percent.
These comments, along with Trump stating that “they can’t do that so they will be paying,” also caused Asia stocks to fall and the Yan to strengthen by 0.2 percent against the Dollar.
According to Reuters, the South Kospi dropped 3.4 percent to close at 2,102.01, which is its biggest one-day percentage loss since mid-October 2018. Also, Japan’s Topix dropped 1.4 percent to a three-month low and Australia’s S&P/ASX 200 remained flat.
Talks between the two countries are due to continue in Washington today. These talks follow Trump’s threats to increase tariffs on Chinese goods as of Friday.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.