Trade talk news lifted market sentiments disregarding US deep sell off

Shanghai Market Rebound

Stock market rebound. Getty Images Source: Getty Images

The impact of US stock market slump on Monday was obvious as Asian Pacific markets opened trade. We saw Nikkei and ASX 200 were heavily hit, falling 2.06% and 1.8% respectively.


But the turn of fortune arrived when the news that US and China had started talking again at all levels regarding their trade disputes. It had single-handedly lifted market sentiments and the markets rushed to cover early selling.

Hence, SCI and Hang Seng closed at positive territory and its positive impact was also felt across the Atlantic. But selling pressure in US was still all too obvious.

As regards to ASX 200, we saw it see sawing the last two weeks with some minor gains, and we invite CEO of 123 Property Management, Charley Wang, to analyze the recent performance of ASX 200.

Charley maintained the ups and down of the market was pretty normal.

His verdict: Nothing to fear.


Share

News

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS Audio
SBS On Demand

Listen to our podcasts
Independent news and stories connecting you to life in Australia and Mandarin-speaking Australians.
Understand the quirky parts of Aussie life.
Get the latest with our exclusive in-language podcasts on your favourite podcast apps.

Watch on SBS
Simplified Chinese Collection

Simplified Chinese Collection

Watch onDemand
Trade talk news lifted market sentiments disregarding US deep sell off | SBS Chinese