Market swings over trade threat to Mexico and Canada

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Financial Times 15h ago

Market swings over trade threat to Mexico and Canada - Financial Times

Quick Summary:

The CSI 300 index of mainland-listed companies opened up 0.5 per cent, while Hong Kong’s Hang Seng rose 1 per cent.

Both currencies had gained sharply on Monday after administration officials said Trump would refrain from immediately hitting key partners with levies and instead study the trade situation.

There were no day one tariffs on China,” said Jason Lui, head of Apac equity and derivative strategy at BNP Paribas.“The Chinese equity market [already] rallied into the inauguration after the Trump-Xi phone call over the weekend, that’s why there’s a more measured reaction.