Asian equity markets were a tad lower on Tuesday as investors refrained from mak...
SHANGHAI - Asian equity markets were a tad lower on Tuesday as investors refrained from making major bets before Dec. 15, when the next round of U.S. tariffs on Chinese imports is due to take effect.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down just 0.04% as the Asian trading day began on Tuesday.“The decision whether or not to raise tariffs on Dec. 15 rests with President Trump and he has continued his constructive ambiguity on the issue which is keeping markets guessing,” said Tapas Strickland, a director of economics and markets at National Australia Bank.
With rates likely to stay put, analysts say investors will be closely watching policymakers’ forecasts for future U.S. economic growth. “Polls have been wrong before, so a surprise can’t be ruled out - that’s exactly what happened in the 2017 election,” analysts at ANZ said in a morning note.
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