Asian stocks decline following Wall Street slump [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Stocks in Asia were lower on Tuesday afternoon following an overnight sell-off on Wall Street sparked by concerns of a slowdown in the global economy. 40th anniversary of China reforms In an address to commemorate the 40th anniversary of China's economic reforms on Tuesday, President Xi Jinping called for his country to stay the course on its current path of reform and emphasized that n o one is in a position to dictate to the Chinese people what should or should not be done. Xi's remarks were being closely watched as investors sought clues on whether the Chinese leader's idea of progress aligned with the West's increasingly vocal demands for less state control, which could have implications on whether the U.S. reaches a trade deal with China by the end of its 90-day tariff ceasefire. Ahead of that speech, one economist told CNBC's Street Signs cautioned investors not to expect a dramatic announcement or surprise by the Chinese government
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