The Chinese markets, which have endured a volatile few months, started off on a cautious note. MSCI’s broadest index of Asia-Pacific shares outside Japan moved in and out of the red and last stood little changed. The United States blocked Huawei from buying US goods last week in a major escalation in the trade war against China, saying the firm was involved in activities contrary to national security. Shares of technology companies helped lift Wall Street on Tuesday after Washington’s easing of curbs on Huawei. Chipmakers, many of which sell to Huawei, had been hit at the start of the week.

Source: bd News24 May 22, 2019 03:56 UTC