A broad-based selloff swept global stock markets this morning after U.S. Treasury Secretary Scott Bessent told the Financial Times that China “will be hurt the most” if it doesn’t submit to Washington’s trade demands.

Asian equities mostly followed Wall Street higher overnight as Mainland China's STAR Market and Korea outperformed, while the Philippines and Hong Kong's Hang Seng Tech Index underperformed. Mainland China's markets reopened for the first time since September 30th,

The Wharton finance professor said if the levies are lifted, the market is likely to pass new milestones.

Stocks in the United States recovered from their worst decline in months, after President Trump softened his tariff threat on China. Earlier, markets in Asia dropped.

Oil prices edged lower on Wednesday, as investors weighed the International Energy Agency's prediction of a supply surplus in 2026 and trade tensions between the U. and China that could curtail demand.

Stocks ended mostly lower Tuesday as the resumption of U.S. trade tensions with China outweighed strong third-quarter results from several big banks.

Stocks are rebounding from Friday’s selloff after President Trump said trade relations with China “will all be fine.”

French spirits maker Pernod Ricard said it still expected sales to improve in fiscal year 2026 after reporting a well-flagged 7.6% fall in first quarter sales, due to weak consumer demand and destocking in China and the United States.

President Donald Trump faced pressure from 26 conservative groups to reject U.K. intellectual property reforms they said could undermine American patents.