U.S. stocks fell sharply last Friday night and the downward trajectory continues today in Australia and Asia. Local markets are now at a two year low.
Sentiment in financial markets has been fragile in recent weeks as traders gauge whether the US Fed will soon pause hiking as trade war fears linger. It’s unclear how much the summons of the U.S. ambassador, China’s most public display of anger over the arrest, will mark a heightening of tensions over the arrest and Huawei more generally.
We’ll keep you posted.