Sydney — Asian shares were struggling to end a bleak week in the black on Friday as upbeat US economic news and solid company earnings offered only a fleeting respite from the interminable China-US trade dispute. Shanghai stocks slipped amid the fallout from President Donald Trump’s move to block China’s Huawei Technologies from buying vital American technology. The Communist Party’s People’s Daily used a front-page commentary to evoke the patriotic spirit of past wars, saying the trade war would never bring China down. “It is hard to get too excited as the news flows in the trade front points to an escalation rather than an ease in tensions,” said Rodrigo Catril, senior forex strategist at National Australia Bank. “Many commentators are suggesting the decision on Huawei and other Chinese telecos effectively means the president has taken the ‘nuclear option’ and it has now moved towards a ‘fully fledged’ tech war with China.” For now, Asian markets were just happy for a break. Japan...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now