News Formal

Asia stocks mostly higher after Trump trade threat

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 99%

United States News News

United States United States Latest News,United States United States Headlines

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.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US

United States United States Latest News, United States United States Headlines

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

Asian market plunge after Trump threatens more China tariffsShares tumbled in Asia early Monday after President Donald Trump threatened in a tweet to impose more tariffs on China, spooking investors who had been expecting good news on trade. The Power of THE realDonaldTrump NOT China! MAGA
Source: CTVNews - 🏆 1. / 99 Read more »