scorecardresearchGlobal Markets Wrap: Stocks Up on China Tariff Speculation; Bonds Drop

Global Markets Wrap: Stocks Up on China Tariff Speculation; Bonds Drop

Updated: 05 Jul 2022, 07:58 AM IST
TL;DR.
(Bloomberg) -- Asian stocks rose with US equity futures Tuesday amid speculation the Biden administration could scrap some Trump-era tariffs on Chinese consumer goods. Treasuries slid after reopening from a holiday.
Currency traders watch computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Thursday, June 30, 2022. Asian stock markets were mixed Thursday after the U.S. economy contracted and China reported stronger factory activity. (AP Photo/Lee Jin-man)

Currency traders watch computer monitors near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Thursday, June 30, 2022. Asian stock markets were mixed Thursday after the U.S. economy contracted and China reported stronger factory activity. (AP Photo/Lee Jin-man)