AFP, Hong Kong :
Asian markets swung Wednesday, gripped by uncertainty over the China-US trade talks, with warnings that Donald Trump’s unpredictability could be harming the chances of an eventual agreement.
Trading has been volatile this week after the US president’s weekend outburst against Beijing and announcement of more tariffs on $550 billion of goods were followed Monday by him saying the two sides had spoken by phone, and negotiations would resume soon.
China, however, has not confirmed any calls took place, while media in the country have played down the chances of more talks or the leadership’s need for a deal.
The developments are the latest in a series of moves by the White House that have seen it slam China before holding out an olive branch.
Analysts say traders are growing uneasy with the strategy.
Stephen Innes at Valour Markets said: “There remains a high degree of scepticism regarding the sincerity of Trump’s comments or even if the Chinese are willing to recommence negotiations.”
Asian markets swung Wednesday, gripped by uncertainty over the China-US trade talks, with warnings that Donald Trump’s unpredictability could be harming the chances of an eventual agreement.
Trading has been volatile this week after the US president’s weekend outburst against Beijing and announcement of more tariffs on $550 billion of goods were followed Monday by him saying the two sides had spoken by phone, and negotiations would resume soon.
China, however, has not confirmed any calls took place, while media in the country have played down the chances of more talks or the leadership’s need for a deal.
The developments are the latest in a series of moves by the White House that have seen it slam China before holding out an olive branch.
Analysts say traders are growing uneasy with the strategy.
Stephen Innes at Valour Markets said: “There remains a high degree of scepticism regarding the sincerity of Trump’s comments or even if the Chinese are willing to recommence negotiations.”
