Reported 19 days ago
Asian stocks fell sharply as concerns over a potential tariff deal between the U.S. and China grew ahead of their upcoming summit. The MSCI Asia-Pacific index dropped 1.2%, with markets reacting negatively to remarks from U.S. Treasury Secretary Scott Bessent, who accused Beijing of damaging the global economy. Despite a temporary recovery after a more conciliatory tone from President Trump, new sanctions from China and ongoing trade threats kept investors apprehensive, reflecting the uncertainty in the markets.
Source: YAHOO