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Asia Today: Swimming in Muddy Waters
Investors floundered in muddy waters overnight with markets weighed down by trade talk worries and some very confusing geopolitical statements from the US President. Although in the latter case, this should no longer be a surprise to financial markets. With preliminary talks underway in Washington DC, rumours were seeping out that China was only interested in a narrow agenda and was not inclined to discuss broader industrial subsidies or policy. With Machiavellian timing, the US announced that 28 Chinese companies were added to its “entity” list. It means that US companies need government permission to sell ... (full story)