Asia stocks mostly higher after Trump trade threat

📆 07/05/2019 05:36:00
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Asian stock markets rebounded Tuesday after Beijing said trade negotiators were preparing to go to Washington despite President Donald Trump's threat to escalate their tariff war.

Benchmarks in Shanghai, Hong Kong and Sydney rose, while Tokyo declined after reopening following a long holiday.

Trump threatened to raise tariffs on $200 billion of Chinese goods to 25% from 10%, effective Friday. He said he would impose increases on an additional $325 billion of imports, covering everything China sells to the United States. The Standard & Poor's 500 index dropped 0.5% to 2,932.47. The Dow Jones Industrial Average fell 0.3% to 26,438.48. The Nasdaq slid 0.5% to 8,123.29.

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