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Asian stocks sink as US-China trade jitters offset Nvidia tech boost

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Asian stocks sink as US-China trade jitters offset Nvidia tech boost

Investing.com-- Most Asian stocks fell on Thursday with Chinese markets leading declines as a trade war with the U.S. appeared to be heating up, while fears of higher interest rates also weighed on sentiment.Regional markets took a weak lead-in from Wall Street, which fell in overnight trade after the minutes of the Federal Reserve’s late-April meeting showed increasing concerns among policymakers over sticky inflation.

Beijing appeared to have retaliated to the tariffs by banning trade activities related to China by some U.S. companies, as well as the shipment of some arms to Taiwan. Reports also said that Boeing’s plane deliveries to China were facing delays due to regulatory scrutiny.

 

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