Trump Says US Is In a Trade War With China Already
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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.
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,
Stocks ended mostly lower Tuesday as the resumption of U.S. trade tensions with China outweighed strong third-quarter results from several big banks.
After one of the largest liquidations in history, traders breathe a sigh of relief as risk appetite returns and major tokens bounce back sharply.
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Crypto Market Sheds $150 Billion as China Hits Back at the US
Smaller, more volatile tokens also slipped, dragging the combined market value of all cryptocurrencies down by more than $150 billion over a 24-hour period, according to CoinGecko data. The slide came as China imposed curbs on the American units of Hanwha Ocean Co.
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China's market rally faces test as U.S. trade rift flares: 'much more difficult couple of weeks now'
China's market rebound may be heading into choppier waters as a resurgence of U.S.-China trade tensions threaten to derail investor optimism.
President Donald Trump announced Friday he would implement new 100% tariffs on imports from China starting next month in response to what he called "aggressive" moves by China regarding export controls. In a social media post, Trump said the new tariffs would take effect Nov. 1.
US President Donald Trump said he might stop trade in cooking oil with China, injecting fresh tensions into the relationship between the world’s two largest economies.