US EditionAsian markets swing as China-US trade euphoria fades
- Asian markets showed mixed movements on May 14 as initial optimism regarding progress in US-China trade relations began to diminish, alongside varied performances in global stock markets.
- The market shift followed US President Donald Trump's Gulf visit on May 13, where Saudi Arabia pledged $600 billion in US investments across several sectors.
- While Chinese and Hong Kong indices rose due to strong tech stock rallies, European markets declined slightly, and Tokyo's Nikkei fell marginally.
- Trump described tariffs as “Liberation Day” tolls but acknowledged they remain higher than before, and analysts caution the deal is an armistice, not peace.
- The developments suggest cautious optimism as investors await further US tariff deal progress, with some warning the recent rally may be temporary.
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Channel News Asia+3 Reposted by 3 other sources
Asian markets swing as China-US trade euphoria fades
HONG KONG: Asian stocks fluctuated Wednesday (May 14), with investors struggling to track a strong day on Wall Street as euphoria over the China-US trade detente petered out. But while the days of breathtaking volatility seen through April appear to be over for now, analysts warned that more work was neede
·Singapore
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Total News Sources56
Leaning Left6Leaning Right6Center17Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 21%
C 59%
R 21%
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