Asia stocks mostly higher after Trump trade threat

📆 07.05.2019 11:36:00

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Asian stock markets rebounded Tuesday after Beijing said trade negotiators were preparing to go to Washington despite President Donald Trump's threat to escalate their tariff war.

📆 07.05.2019 11:36:00
📰 CTVNews

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Benchmarks in Shanghai, Hong Kong and Sydney rose, while Tokyo declined after reopening following a long holiday.

Trump threatened to raise tariffs on $200 billion of Chinese goods to 25% from 10%, effective Friday. He said he would impose increases on an additional $325 billion of imports, covering everything China sells to the United States. The Standard & Poor's 500 index dropped 0.5% to 2,932.47. The Dow Jones Industrial Average fell 0.3% to 26,438.48. The Nasdaq slid 0.5% to 8,123.29.

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