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Asian Markets Dip as Trade Optimism Fades; US Stocks Flat
Asian Markets Dip as Trade Optimism Fades; US Stocks Flat
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BTCCSquare news:
Asian markets retreated as early enthusiasm over U.S. trade developments waned. Japan’s Nikkei 225 fell 0.88%, while Australia’s S&P/ASX 200 slipped 0.13%. South Korea’s Kospi eked out a marginal gain, and China’s Hang Seng dropped 1.1%.
Investor focus shifted to U.S.-China trade talks in Sweden, where Vice Premier Liu He met with U.S. officials. No breakthroughs emerged, though tariffs are expected to persist. Last week’s U.S.-Japan trade framework—featuring reduced auto tariffs and promised Japanese investments—provided fleeting market support.
U.S. equities stalled in quiet trading after Washington confirmed 15% automotive tariffs. Cryptocurrencies remained sidelined as traditional markets absorbed macro uncertainties.
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