Asian markets mixed as US tech earnings await amid trade war turmoil

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Asian markets mixed as US tech earnings await amid trade war turmoil - Business Standard

Quick Summary:

US futures were lower as US tech companies prepared to release their earnings after the recent spate of market turmoil brought on by President Donald Trump's trade war.'One thing that's absolutely clear and no longer debatable is that the reputational hit to the US brand is real, and it's not fading quietly into the next news cycle," Stephen Innes of SPI Asset Management said in a commentary.

Unconfirmed reports said China has stopped its imports of some US farm products and liquefied natural gas to avoid paying steep tariffs it imposed in retaliation for Trump's tariffs of up to 145% on imports of Chinese products.

US President Donald Trump's trade war remains a source of deep uncertainty.