China stocks fall, yuan at four-month low as U.S. trade talks stall

SHANGHAI - China’s main equity indexes finished lower on Monday and the yuan weakened to a four-month low as investors’ hopes for a deal to end an escalating trade war between the United States and China were dashed by signs of a stalemate in trade negotiations.

“The deeper that both sides entrench themselves in their political story lines, the more that risk will grow,” he added. But those hopes ebbed on Monday as Beijing and Washington appeared to be at an impasse, as Washington demanded promises of concrete changes to Chinese law and Beijing said it would not swallow any “bitter fruit” that harmed its interests.

Investors are watching to see how Chinese policymakers plan to offset the impact of the stiffer tariffs on both the economy and financial markets, analysts at Citi said, adding that Beijing’s options include support for stock markets and the yuan, as well as monetary policy measures and liquidity injections.

What’s the performance of our own stocks? After a year of non-performance thanks to Trump, I got all my $ out of the sharemarket. Trade wars work both ways

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asian stocks move lower Monday as markets react to failed U.S.-China trade talks in WashingtonShares were mostly lower in Asia on Monday after trade talks between the U.S. and China wrapped up Friday without an agreement.
Source: MarketWatch - 🏆 3. / 97 Read more »

Here are the biggest stock-market losers after Trump threatens more tariffsChina is still sending a trade delegation to Washington, but investors panicked Monday morning.
Source: MarketWatch - 🏆 3. / 97 Read more »