Stocks in Asia Pacific were set to trade mixed at the open on Friday following a series of developments overnight on the U.S.-China trade front that dampened hopes of a deal being struck soon.
Thursday that known China hawk and Trump advisor Michael Pillsbury warned the U.S. is ready to escalate the trade war if a deal isn't struck soon, citing an interview in Hong Kong.
Meanwhile, Hu Xijin — editor-in-chief of Chinese state media Global Times — tweeted overnight that China is "not as anxious to reach a deal as the US side thought." Those developments come as the U.S. and China are expected to hold high-level trade negotiations in the coming weeks. The People's Bank of China will also publish its new loan prime rates on Friday, set to be out at 9:30 a.m. HK/SIN. The LPR is the interest rate that banks charge their most creditworthy customers and a
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