In addition, there were reports that China was planning to buy beans from US and was said to have signaled cutting US cars import duty from 40 to 15. These certainly helped global markets sentiment, and lifted 386 points in Dow’s early trading.
But just as things started to look good and investors returned to regroup, US President fired a salvo in Twitter again warning Capitol Hill not to block the border building fund or risk the Government being shut down. As a result, Dow dived again.
Having said that as US market was about to close, we saw investors returned to the market again. What a day it was.
As US and China’s trade negotiation is making progress, investors have not forgotten Hua Wei chief financial officer, Meng Wan Zhou is fighting her bailout case in Canadian court today.
Hong Kong business sector in Hong Kong is watching the case closely as they fear that US might well use this case to implicate Hong Kong business sector causing further disruption to Hong Kong and US tie.
Director of Shinewing International Business, David Chu, explained.
