[HONG KONG] Asian stocks drifted on Tuesday with traders struggling to build on the previous day's broad advance and record lead from Wall Street, with confidence kept in check by ongoing China-US tensions and lack of movement on a new US stimulus. Read more at The Business Times.
But the stand-off if just one of a number of issues nagging markets, with China-US tensions continuing to sour.
Beijing had already slammed Washington for using"digital gunboat diplomacy" after Mr Trump ordered TikTok's Chinese owner ByteDance to sell its interest in the Musical.ly app it bought and merged with TikTok.Beijing and Washington are already butting heads over a range of issues including Hong Kong and the coronavirus, though while there are concerns the rows could affect the superpowers' recently signed trade pact, such fears have been played down by both sides.
Manila and Jakarta were also higher while Wellington jumped more than one per cent again after the government delayed New Zealand's general election by four weeks owing to a new virus flare-up in the country.Analysts said there was not too much concern on markets about possible tax hikes if Joe Biden beats Trump in the race for the White House.
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