Wall Street plunges: A man walking past an electronic board showing US stock market indicators outside a brokerage in Tokyo yesterday. — Reuters
HONG KONG: Easy come, easy go. Monday’s 2% surge in Asian stocks is now all gone.
What initially started off as investor euphoria after a trade truce from Trump and Xi’s meeting at the G20 has dissipated in a span of two days. Tuesday’s slump was mainly due to a big sell-off in Japan amid profit-taking and concerns surrounding the lack of clarity around the 90-day trade-war ceasefire. Then US stocks plunged overnight and, by extension, the decline came to Asia.
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