Asian stock markets lower after Wall Street's rebound amid uncertainty about U.S.-Chinese trade tension.
BEIJING — Asian stocks declined Thursday following Wall Street’s rebound amid uncertainty about U.S.-Chinese trade tension.Investors were looking for news about the outlook for U.S.-Chinese trade negotiations following confusion over President Donald Trump’s conflicting statements about the status of talks.
Markets are less sensitive to each announcement of U.S. and Chinese tariff hikes, but “we will likely continue to see downward price action at the announcements of new measures,” said Anderson. The Standard & Poor’s 500 index rose 0.7% to 2,887.94. The Dow Jones Industrial Average climbed 1% to 26,036.10. The Nasdaq gained 0.4% to 7,856.88.
When the U.S. yield curve inverted earlier this month for the first time since 2007, it led to a broad market sell-off. This week, investors’ reaction has been more muted.
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