China has warned that it is prepared for a "fierce counter strike". .Asian stock markets have been volatile since February as the United States imposed broad tariffs on steel and aluminium imports and renegotiated a trade deal with South Korea. "We don’t think trade tensions are going to escalate to a full blown trade war," said Daniel Morris, a London-based senior investment strategist with BNP Paribas Asset Management. "But these risks are not unique to Asian companies, they are very much a risk for global companies that are accessing Asia for their growth opportunities. "China had its big selloff back in 2016-2017, so domestic yields have already repriced significantly higher," Baker said.

Source: The Star April 09, 2018 07:52 UTC