Global stocks rebounded from a sharp dip after President Donald Trump rebutted comments by his trade adviser that suggested the US could tear up its preliminary deal with China.
In volatile Asia-Pacific trading, Tokyo’s Topix benchmark was up 0.5 per cent late on Tuesday morning while Hong Kong’s Hang Seng index gained 0.4 per cent. Australia’s S&P/ASX 200 rose 0.3 per cent while mainland China’s CSI 300 of Shanghai- and Shenzhen-listed shares was flat.
Markets across the region had skidded earlier in the session after Peter Navarro, Mr Trump’s chief trade adviser, told Fox News that the so-called phase one trade deal between the US and China was “over”.
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