Trump stance on China confuses markets
Schroders downgrades equities to neutral in Europe, Japan, Pacific ex-Japan and emerging markets; Singapore favoured
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 ri…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok suspends new app’s reward programme amid EU concerns
Hong Kong spot crypto ETFs to start trading next week
Cordlife substantial shareholder Nanjing Xinjiekou still mulling over offer to buy over remaining shares
Nvidia agrees to acquire Israeli AI software provider Run:ai
HSBC says growing Chinese wealth fuels client investments in US
Unilever's India quarterly profit disappoints