Traders consider the escalating tension between the US and Chinese ahead of a planned meeting on August 15
The morning, with gold above $2,000/oz as investors consider US-China tension and the Covid-19 pandemic.
Escalating trade tension between the US and China could open a can of worms, said AxiCorp chief global markets strategist Stephen Innes in a note. “The market’s primary thesis on what ultimately matters for growth assets is whether a US-China geopolitical escalation morphs into an economic dust-up,” he said.
Tencent had risen 1.73% in Hong Kong, and could give direction to Naspers, its largest single shareholder.
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