Asian Stock Market: Trades lower on renewed US-China fears, all eyes are on US CPI

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Asian Stock Market: Trades lower on renewed US-China fears, all eyes are on US CPI – by lilyfinancial Asia Markets EmergingMarkets Macroeconomics

between the US-China. Market players prefer to wait on the sidelines ahead of the highly anticipated US inflation data.

The fears of possible deflation in China join the trade war tension headlines, which exert pressure on Chinese equities. Earlier on Thursday, US President Joe Biden issued an executive order about the restriction on China. That said, the US intends to target only Chinese companies that generate more than 50% of their revenue from quantum computation and artificial intelligence .

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