Market losses may pile up with release of key data
US jobs report and China's industrial surveys this week may show negative impact of trade war
DeeperDive is a beta AI feature. Refer to full articles for the facts.
US stocks slid last week, tumbling towards correction territory amid fears that US President Donald Trump was ready to fight trade wars to the economic death.
This week could see the losses mount if the negative impact of tariffs show up in US employment data or Chinese industrial surveys.
The month of May opened with a Twitter bombshell dropped by Mr Trump, as he dismissed the possibility of a Chinese trade deal, triggering the first major 2019 correction for US stocks indexes after a four-month march higher.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result