Stocks in Asia Pacific were poised to decline at the open on Thursday as investors continued to monitor developments on the U.S.-China trade front.
Shares in Australia were also set to slip, with SPI futures at 6,253.0. In comparison, the ASX 200 last closed at 6,269.10. In a volatile session on Wednesday, the Dow was down 75 points at its intraday low and up as much as 153 points at one point. The 30-stock Dow jumped midday after the White House confirmed President Donald Trump's tweet earlier that Chinese Vice Premier Liu He will be in Washington this week for trade negotiations.
The Dow on Tuesday posted its biggest decline since January 3, as traders realized Trump's threat may not be just a negotiation tactic, as some had initially believed. U.S. Trade Representative Robert Lighthizer also confirmed that higher levies will be imposed on Friday.
The country is being led by a con artist. Nice.
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