Asian equities swing as trade cues awaited, Hong Kong down again

HONG KONG: Asian markets fluctuated on Thursday following another Wall Street record as Donald Trump hailed progress in US-China trade talks, while eyes were also on Hong Kong as violent protests continued.

"Yet since then we've seen new tariffs applied to Chinese goods, albeit with some exemptions, with a new set of tariffs still expected to kick in on December 15." But Shanghai added 0.2 per cent as dealers brushed off fresh data pointing to weakness in the Chinese economy. Retail sales, fixed-asset investment and industrial production figures all missed expectations as the country is weighed by the trade war and slowing global demand.Hong Kong tumbled 0.

In the first of two days of congressional testimony, Jerome Powell also urged lawmakers to take action on the rising US debt and deficit to ensure continued growth.

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