Asian stocks rebounded on Friday after a turbulent week, as investors reacted to the latest developments in the ongoing trade war between the US and China. The rebound came after US President Donald Trump threatened to impose a new tariff on Chinese goods, prompting China to vow to “fight to the end” in response.
The latest escalation in the trade war came after Trump announced plans to impose a 10% tariff on $300 billion worth of Chinese goods, starting on September 1. This move caught many investors off guard, leading to a sharp sell-off in global markets earlier in the week.
However, Asian stocks bounced back on Friday, with major indexes in Japan, Hong Kong, and South Korea all posting gains. The rebound was driven by hopes that the US and China could still reach a trade deal, despite the latest threats from both sides.
In response to Trump’s latest tariff threat, China’s Commerce Ministry said it would take “necessary countermeasures” to protect its interests. The ministry also accused the US of “bullying” and said that China would “fight to the end” in the trade war.
The escalating tensions between the world’s two largest economies have raised concerns about the impact on global economic growth. Many analysts fear that the trade war could lead to a slowdown in global trade and investment, which could have negative consequences for the broader economy.
Despite the latest threats and countermeasures, there is still hope that the US and China could eventually reach a trade deal. Both sides have indicated that they are willing to continue negotiations, and there is still a possibility that a resolution could be reached in the coming months.
In the meantime, investors will be closely watching for any further developments in the trade war, as well as the impact on global markets and the broader economy. The uncertainty surrounding the trade war has already led to increased volatility in financial markets, and many investors are bracing for more turbulence in the weeks ahead.
This news article discusses various updates on international trade relations, including China allowing its yuan to weaken, Hong Kong reaffirming its status as a free port, Bangladesh requesting a delay in tariffs from the Trump administration, Japan being the first to negotiate with the Trump administration on trade, Taiwan expressing readiness to negotiate with the US on tariffs, and China vowing to fight against the US in the ongoing trade war. The article also includes images of Japan’s Nikkei Stock Average recovering during morning trade.
Asian stocks rebounded on Friday after a turbulent week, as investors reacted to the latest developments in the ongoing trade war between the US and China. The rebound came after US President Donald Trump threatened to impose a new tariff on Chinese goods, prompting China to vow to “fight to the end” in response.
The latest escalation in the trade war came after Trump announced plans to impose a 10% tariff on $300 billion worth of Chinese goods, starting on September 1. This move caught many investors off guard, leading to a sharp sell-off in global markets earlier in the week.
However, Asian stocks bounced back on Friday, with major indexes in Japan, Hong Kong, and South Korea all posting gains. The rebound was driven by hopes that the US and China could still reach a trade deal, despite the latest threats from both sides.
In response to Trump’s latest tariff threat, China’s Commerce Ministry said it would take “necessary countermeasures” to protect its interests. The ministry also accused the US of “bullying” and said that China would “fight to the end” in the trade war.
The escalating tensions between the world’s two largest economies have raised concerns about the impact on global economic growth. Many analysts fear that the trade war could lead to a slowdown in global trade and investment, which could have negative consequences for the broader economy.
Despite the latest threats and countermeasures, there is still hope that the US and China could eventually reach a trade deal. Both sides have indicated that they are willing to continue negotiations, and there is still a possibility that a resolution could be reached in the coming months.
In the meantime, investors will be closely watching for any further developments in the trade war, as well as the impact on global markets and the broader economy. The uncertainty surrounding the trade war has already led to increased volatility in financial markets, and many investors are bracing for more turbulence in the weeks ahead.
https://www.independent.co.uk/news/business/trump-tariffs-ftse-eu-uk-asia-china-markets-reaction-latest-b2729178.html
