“Risk off” as Trump threatens higher tariffs on China; RBA meeting

Monday, 06/05/2019 | 07:50 GMT

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Market Recap

The market got Trumped again – Trump tweeted threats to raise tariffs on Chinese goods next Friday, when trade talks were set to resume on Wednesday. Chinese officials now say they are thinking of cancelling the talks entirely. A great surprise for Chinese markets coming back after the holidays. The CSI 300 index is down 5.5% at the time of writing, Shanghai down 5.2%. The CNY also fell substantially (at least, substantially by the standards of the CNY).

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Source: https://www.exclusivecapital.com/risk-off-as-trump-threatens-higher-tariffs-on-china-rba-meeting/

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