Reported 28 days ago
Asian stocks lost early gains following optimism about reduced tariffs that previously buoyed US markets. Technology shares, particularly in China, faced significant drops, with Xiaomi Corp. seeing a decline after a large share sale. While markets initially reacted positively to potential tariff exemptions, concerns about ongoing trade tensions and their economic impact remain. Investors are advised to take a longer-term view as financial conditions evolve amid these developments.
Source: YAHOO