China's economic woes drag down Asian stocks and currencies.
TL;DR Summary
Most Asian stocks retreated on Tuesday due to fears of worsening ties between Beijing and Washington, with Chinese stocks being the worst performers for the day. China declined a request for a meeting between U.S. defense secretary Lloyd Austin and Chinese defense minister Li Shangfu, and recently blocked local sales of U.S. chipmaker Micron Technology Inc. Chinese stocks have largely unwound all gains made on optimism over a post-COVID reopening, and are now trading negative for the year.
Topics:business#asian-stocks#chinese-stocks#economic-recovery#finance#semiconductor-sales#us-china-relations
- Asian stocks dip, Chinese shares hit 5-mth low as U.S. ties worsen By Investing.com Investing.com
- Chinese Equities Slide Amid Pessimism, Geopolitical Tensions Bloomberg
- Weak China data outlook, US debt deal weigh on Asian FX The Star Online
- China's slow economic recovery, deflation fears driving down stock prices, yuan value: Report Economic Times
- China stocks slump to new lows on Sino-US tech woes, US debt ceiling anxiety The Edge Malaysia
- View Full Coverage on Google News
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