US-Chinese trade negotiations and economic data in the spotlight



[ad_1]

The focus on the market is largely responsive to global trade developments, with a delegation of US officials ready to visit China for the next round of negotiations this week.

The latest round of trade talks will be held in Beijing from Monday. This comes after last week's Washington talks ended without agreement.

The two parties are trying to conclude a comprehensive trade agreement before the deadline of March 1, when US tariffs on Chinese imports worth $ 200 billion are expected to increase from 10% to 25%.

Growing tensions between the world's two largest economies cost the two countries billions of dollars and shattered global financial markets.

In Asia, Chinese stocks hit Monday after resuming activity after a week-long Lunar New Year holiday. The first-order index rose 0.4%, but trading volumes should still be light, unlike Japan on a holiday.

The broadest Asia-Pacific equity index, excluding Japan, of MSCI was lower by about 0.1%.

[ad_2]
Source link