The Dow Jones as expected is in a big swing mode. Last evening it was trading up due to the trade war ease tension and this morning it slumbered down with big spikes as the trade talk have made "no progress". It's a super whirlwind now as the whole market is reacting to this very important news and I would watch closely for any progression since it's going to be a very big roller coaster.
On the Singapore market side, stocks are reacting to this whirlwind. They are waiting sidelines for either to move up or slammed down. Many traders are not actively trading and they are anxiously waiting for the final news to come which could be anytime soon. It's a tough situation now and it's best to stay vigilant and watch closely.
U.S. stock futures sank late Wednesday, after a report that lower-level U.S.-China trade talks have made "no progress" in resolving the yearlong trade war. The Hong Kong-based South China Morning Post reported late Wednesday that talks this week to lay the groundwork for high-level negotiations starting Thursday have made no headway on critical issues, and that the main negotiations have been cut from two days to just one day, with the Chinese delegation now scheduled to leave Washington on Thursday. China reportedly refused to consider changes to forced transfers of technology, a main concern of the U.S. Dow Jones Industrial Average futures YM00, -0.67% immediately fell nearly 300 points, or 1%. S%P 500 futures ES00, -0.77% and Nasdaq Composite futures NQ00, -0.86% were also down more than 1%.
