Market Comment | Markets remain fragile as US-China tech war worsens trade deal prospects

Summary

US ‘blacklisting’ of China’s technology major Huawei further undermined the frayed US-China relationship while dimming prospects of a trade deal.

Key points

• Key points:
• Risk indicators implied by financial markets bounced back.
• Equity prices declined across the board, led by the technology sectors.
• Bond and FX markets remained steady.

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