“Fed Warns Tariffs May Slow US Growth; Hang Seng Rallies While Wall Street Sinks – Markets Diverge On Global Trade Outlook.”, – WRITE: www.fxempire.com
“Malaysian Prime Minister anwar ibrahim Stated that Amid Rising Unilateralism, Malaysia Is Willing To Strengthan Cooperation with China to Jointly Address Risks and Challenge. Any Unilateral Imposition of Tariffs and Wound Enhance Collective Resiliency Through Cooperation to Sustain Economic Growth. ”
China Premier XI Jinping Also Had a favorable State Visit to Vietnam, Reportedly Sparking Talks of a Potential Brics Membership. Strengten ties with Key Exporters, Including Potential Inroads with The EU, Could Help China Absorb Tariff Shocks.
Political Commentary Brian Tyler Cohen Reacted to A Suggesttion that Trump Has Managed to Isolate China from the Rest of the World, Stating:
“There’s reporting now that japan & south korea are negotating Trade deals with china… that eu is eliminating chinese ev tarifs. I’m concerned with youryh. Doesn’T look like is china. ”
Despite the intensifying US-CHINA Trade War, China Remains Open to Negotias. David Ingles, Chief Markets Editor for Bloomberg TV Asia Pacific, Remarked:
“IMO The MOST IMPORTANT CART OF THE US-CHINA Tariff Story That Unfortunately Often Goes Unnoticed (WHICH IS BIZARRE TBH BCAUSE CHINA SAID ITIPLE TIMES). Negotias But Insists to be Treated with Respect. ”
Economist Shen Jianguang Echoed this on Bloomberg TV, Stating:
“China is Waiting for the US to Realize the Trade War is Also Bad for the US Economy.”
US-Hong Kong Markets Diverge On Tariffs On April 16, The US Markets Tumbled as Fed Chair Powell Warned that Tariffs Could Slow Growth and Fuel Inflation. The Dow and the S&P 500 Droped 1.73%and 2.24%, Respectively, While the Nasdaq composite slid 3.07%.
In Contrast, The Hang Seng Index Gained 1.62% in Early Trading on Thursday, April 17, Taking the Year-To-Date (YTD) Gains to 6.67%. Mainland China Equity Markets have also fared Better than the US markets. The Shanghai Composite Index is Down 4.14% ytd despite the escalating Trade War. Meanwhile, The Nasdaq composite have dumbled 15.55% ytd.
Brian Tycangco, Editor and Analyst at Stansberry Research, Commented:
“Hong Kong’s Key Indices Are Rallying Today Even After Wall Street’s Big Losses Overnight. Decoupling Takes Many Forms. This Could be the Shape of Things to Come. Focus on Keeping Things Stable at Home. ”