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It was a quiet session in Asia, with little in the way of major news or data releases. FX markets saw only narrow ranges, though USD/JPY eased slightly late in the session without a clear catalyst.
Earlier, U.S. Commerce Secretary Howard Lutnick said a 90-day extension to the U.S.–China trade truce was the likely outcome of ongoing negotiations in Stockholm. Talks between the two sides began Monday and are set to continue Tuesday.
In a notable diplomatic development, President Trump denied Taiwan’s President permission to stop in New York en route to Central America. The move is seen as a clear signal of Trump’s desire to keep relations with China on a constructive footing, likely with trade and broader geopolitical stability in mind — a point that is unlikely to be lost on markets.
In U.S. domestic news, a tragic mass shooting occurred in New York City, where a lone gunman killed four people in a Manhattan office tower before taking his own life.
Asia-Pac
stocks:
Australia
(S&P/ASX 200) -0.25%Hong
Kong (Hang Seng) -1.1%Japan
(Nikkei 225) -0.9%Shanghai
Composite -0.1%
This article was written by Eamonn Sheridan at investinglive.com.