Asian markets sink after Wall Street recovery
BEIJING (AP) — Asian stocks declined Thursday following Wall Street’s rebound amid uncertainty about U.S.-Chinese trade tension.
Market benchmarks in Shanghai, Tokyo and Hong Kong declined.
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.
Negotiators are due to meet in September but there has been no sign of progress. Investors worry the spiraling tariff war over trade and technology could tip the global economy into recession.
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