Asian equities mixed after US, China tariff moves

Sep 12, 2019: Signs of easing tensions between China and the US in their trade row fuelled hopes of a breakthrough in high-level talks next month but Asian markets were mixed as dealers struggled to extend this week's healthy rally.

Donald Trump on Wednesday said he would delay hiking tariffs on Chinese goods, just hours after Beijing announced it would remove a range of US products from its own planned levies.

The moves provided an extra shot in the arm for investors as they await key announcements from the US and European central banks that are expected to see a further easing of monetary policy.

In a tweet Wednesday night, Trump said: “We have agreed, as a gesture of good will, to move the increased Tariffs on 250 Billion Dollars worth of goods (25% to 30%), from October 1st to October 15th.”

AFP/APP

Posted on: 2019-09-12T15:26:00+05:00

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