Reported 1 day ago
As Chinese markets reopen after a holiday, investors brace for a challenging Monday following China's significant retaliatory tariffs on US imports, which coincided with a dramatic drop of 8.9% in US-listed Chinese stocks. The tariffs, announced in response to US President Trump's steep tariff increases, raise concerns over a possible global recession and could push several Chinese equity indices into a technical correction. Despite these tensions, some investors see potential buying opportunities, hinting at hopes for government support and economic resilience.
Source: YAHOO