‘It’s becoming childish’ — investors sound off about Trump’s tariff escalation
Sydney/Singapore — Just when investors thought stock markets across the globe had calmed before the weekend, US President Donald Trump urged his administration to impose tariffs on an additional $100bn in Chinese imports. While US stock-index futures tumbled after Trump’s move, investor reaction in equity markets across Asia wasn’t as big. Japan’s Topix index and South Korea’s Kospi gauge both slipped 0.3%, while Hong Kong’s Hang Seng Index rose 1.1% after a holiday on Thursday. China’s stock and currency markets are shut until Monday due to its annual Tomb-Sweeping Holiday. China later said it would counter US protectionism "to the end, and at any cost". "It’s becoming childish," said Nader Naeimi, Sydney-based head of dynamic markets at AMP Capital Investors Ltd. "At some point investors will say enough is enough, there’s just too much political volatility now." ‘Out of love’ "The US stock market is taking Trump’s escalation poorly, eroding support amongst the plutocracy," said Ga...
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