Trade disruptions: Cargo containers in a port in Shanghai. Observers say signs are emerging that Beijing and Washington are finding tit-for-tat tariffs unsustainable. — AFP
Beijing: Signs of a softening stance from the United States on China tariffs may be a cue to buy the Asian nation’s stocks for some traders, but for long-term global funds the risk is still too high to pile into the market.
Money managers and strategists at Franklin Templeton, UBS Global Wealth Management and Jupiter Asset Management are among those expecting the trade war to be drawn out and inflict significant pain on the Chinese economy, making them cautious.
