Hang Seng Index: Near-term weakness prevails over trade war jitters and soft yuan – MarketPulse
Canada’s upcoming new tariffs on Chinese EVs have sparked a potential trade war between G-7 and China. A weaker yuan to indirectly offset the negative impact of trade tariffs on China’s exports may spark a currency war. Fears of a currency war emerging may see lesser capital inflows into Asian stock markets. This is…