Trade talk optimism fades as investors get reality check
Trading is thin, with the STI edging down 0.27% or 8.28 points to 3,116.17; key indices in China snap five-day winning streak
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INVESTORS' excitement over a supposed US-China trade deal died down on Tuesday, no doubt tempered by follow-up analyses that called the promises "meaningless" and nothing more than "low-hanging fruits" that China has offered before.
"China dodges more tariff hikes and gets more pork and soya beans that it needed anyway; the Americans get less angry farmers in crucial voting states," said Jeffrey Halley, senior market analyst for Asia-Pacific at Oanda.
"Everyone's a winner, but everything stays the same, as no progress on the hard stuff has occurred in reality."
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