10 October 2019 - 07:45Traders work on the floor of the New York Stock Exchange in New York, the US. Picture: REUTERS/BRENDAN MCDERMID
MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, while Japan’s Nikkei gained 0.3%. Shanghai shares also rose 0.35%. Without significant progress, US President Donald Trump is set to hike the tariff rate on $250bn worth of Chinese goods to 30% from 25% next Tuesday. China is unlikely to be willing to make an easy compromise with a US president who seems increasingly vulnerable to domestic political pressure as opposition Democrats seek to impeach him, Mitsubishi’s Fujito added.
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