Asia Markets: Asian markets little changed despite U.S.-China trade deal [MarketWatch]
Z HOLDINGS CORP UNS/ADR (YAHOY)
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Source: MarketWatch
Asian markets little changed despite U.S.-China trade deal Asian markets were muted in early trading Monday despite Friday’s news that the U.S. and China have agreed on a “phase one” trade deal. U.S. Trade Representative Robert Lighthizer said Sunday that the deal “is totally done, absolutely,” adding that China committed to buy $40 billion of American farm products over the next two years. and promised to end its long-standing practice of pressuring companies to hand over their technology as a condition of market access. China on Sunday said it would postpone punitive tariffs against U.S.-made autos and other goods following the trade agreement. “For now, escalation seems to be off the table. However, the path to the comprehensive agreement is still miles away,” Stephen Innes, chief Asia market strategist at AxiTrader wrote in a note Sunday. “Ultimately, [the] phase-one deal fell short of market expectations and is probably not enough to fully restore business confidence or generate
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