Asia-Pacific markets set for higher open as investors weigh possible cutting of U.S. tariffs on China goods

Asia-Pacific markets set for higher open as investors weigh possible cutting of U.S. tariffs on China goods

May 23, 2022 by CNBC

Key Facts

  • SINGAPORE — Markets in Asia-Pacific were poised to be in positive territory at the open, while investors are set to weigh a possible thawing of U.S.-China trade relations as the cutting of tariffs was floated by U.S.
  • Markets seemed to take the news as indicative of a potential thawing of US-China trade tensions, though it isn’t the first time tariff reductions have been floated.

  • “Markets seemed to take the news as indicative of a potential thawing of US-China trade tensions, though it isn’t the first time tariff reductions have been floated,” wrote Taylor Nugent, an economist at the National Australia Bank.
  • CURRENCIES The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 102.076 — continuing its slide from levels above 102.9 earlier in the week.

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