“Chinese stocks are up as markets expect authorities to intervene to support sentiment, but this kind of activity is not sustainable and unless we see a clear resolution in the China-US trade conflict, overall sentiment will remain weak,” said Neil Mellor, a senior forex strategist at BNY Mellon in London.
Late on Wednesday, the US commerce department said it was adding Huawei Technologies and 70 affiliates to its “entity list” — a move that bans the company from acquiring components and technology from US firms without government approval. Yields on 10-year US treasury bonds eased to 2.366% , near a 15-month low of 2.340% touched on March 28.
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