Asian shares bounced back after a record selloff, as Japan lead gains on expectations that it will get priority in trade talks with US President Donald Trump’s administration. China slammed the US for threatening to raise its tariffs and pledged to retaliate if Washington follows through, raising the stakes of the trade war between the world’s two largest economies. We get some market perspective from Stephanie Leung, Chief Investment Officer at StashAway.
On Monday, Trump threatened to slap additional 50% import taxes on China, while readying negotiations with Japan and Israel, leaving markets struggling to grasp his intentions for his sweeping tariff plans. Fears of an economic downturn led to sharp swings in US markets with the S&P 500 index nearing a bear market before finishing slightly down as investors absorbed further tariff news. We unpack the stateside reaction with Ahmed Riesgo, Chief Investment Officer at Insigneo.
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