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Published on Monday, August 6, 2018 | Updated on Monday, August 6, 2018

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Market Comment | Escalating trade tensions weighed on financial markets

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Summary

Cautious mood in financial markets amid escalating China-US trade tensions following last Friday’s announcement by China and the war of words between the two nations during the weekend. China imposed new tariffs (5%-25%) on $60 bn worth of US imports, which will be implemented “subject to US actions”, in response to the US pressure. […]

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