Trump stance on China confuses markets
Schroders downgrades equities to neutral in Europe, Japan, Pacific ex-Japan and emerging markets; Singapore favoured
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STOCK markets in Asia remained on tenterhooks, as political and economic uncertainties continued to weigh on sentiment.
"Risk sentiment swung to the bearish side during US trading session on Wednesday after White House adviser Larry Kudlow denied President Donald Trump's earlier gesture of a softened stance on China," Margaret Yang Yan, market analyst at CMC Markets in Singapore said.
"Divided opinion inside the White House led to rising political and economical uncertainty on a global scale, which is disliked by market participants," she added.
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