Asian Markets Swing As Traders Assess Latest Tariffs Volley [Barron's]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Barrons
outlook after the first high-level official US-Russia talks since the invasion of Ukraine. Regional investors struggled to pick up the baton after a record close on Wall Street, with the rally in Hong Kong-listed tech stocks suffering a setback following disappointing earnings from Chinese internet giant Baidu. The US president warned Tuesday that he would impose tariffs "in the neighbourhood of 25 percent" on auto imports and a similar amount or higher on semiconductors and pharmaceuticals. The comments widened his trade war, having earlier pledged 25 percent levies on steel and aluminium, and while observers say the threats are likely being used as a negotiating tool, they revived worries about the impact on the global economy. Stefan Angrick and Dave Chia at Moody's Analytics said: "We expect political and economic realities will force the Trump administration to scale back these measures by this time next year. "While broad-based tariff increases will be reversed, restri
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