New York City (Reuters) – Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes enormous government stimulus can jump-start the world economy.
SUBMIT PICTURE: A man wearing protective face mask, following an outbreak of the coronavirus, is reviewed a screen showing stock prices outside a brokerage in Tokyo, Japan March 6,2020 REUTERS/Issei Kato
E-Mini futures for the S&P 500 ESc1 edged down 0.12%in early Asian trade, while Nikkei futures NKc1 indicated a loss of 10 points. Weaker Australian stock futures YAPcm1 likewise showed a softer open.
Underscoring the uncertainty in markets, U.S. stocks slid from a near three-month high in a late sell-off overnight, after U.S. President Donald Trump signed an executive order that would compromise laws securing social networks business, and said he ‘d hold a press conference about China on Friday.
In the current dispute in between the world’s 2 most significant economies, the U.S. government has signaled strategies to penalize Beijing for continuing with a nationwide security law for Hong Kong that critics fear would wear down the c