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Asia stocks retreat; weakness in China outweighs NAFTA trade optimism
Asian stocks handed back earlier gains and fell on Thursday, with Chinese markets fixed firmly on risks from the China-U.S. trade war and taking little comfort from an apparent easing in business tensions in North America and Europe. The leaders of the United States and Canada expressed optimism on Wednesday that NAFTA negotiations would meet a Friday deadline for a deal, days after the U.S. and Mexico reached a bilateral agreement. "Investors are relatively pessimistic and cautious for now amid low levels of trading volume, as there are still concerns over the development of the Sino-U.S. trade spat," said Yan Kaiwen, an analyst with China Fortune Securities.
https://finance.yahoo.com/news/asia-stocks-rise-trade-optimism-004432827.html?.tsrc=rss
Asian stocks handed back earlier gains and fell on Thursday, with Chinese markets fixed firmly on risks from the China-U.S. trade war and taking little comfort from an apparent easing in business tensions in North America and Europe. The leaders of the United States and Canada expressed optimism on Wednesday that NAFTA negotiations would meet a Friday deadline for a deal, days after the U.S. and Mexico reached a bilateral agreement. "Investors are relatively pessimistic and cautious for now amid low levels of trading volume, as there are still concerns over the development of the Sino-U.S. trade spat," said Yan Kaiwen, an analyst with China Fortune Securities.
https://finance.yahoo.com/news/asia-stocks-rise-trade-optimism-004432827.html?.tsrc=rss
