- China is sending a delegation to the U.S. to resume trade talks later in August, a renewal of discussions that broke down a couple of months ago, according to media reports.
- Vice Commerce Minister Wang Shouwen will meet with U.S. Treasury's David Malpass to discuss "economic and trade issues" between the two countries.
- That comes after billions of dollars in tariffs between the two, and with talk from President Trump of imposing tariffs on every Chinese import.
- Asian markets pared some steep early losses following the news: Shanghai is down 0.87% after opening more than 1% down; Hang Seng is down 0.6%; the Nikkei is down 0.2%.
- Meanwhile, offshore yuan gained against the dollar for the first time in a week.
- ETFs: FXI, KWEB, ASHR, YINN, CAF, EWH, CQQQ, YANG, MCHI, GXC, CYB, FXP, PGJ, CN, KBA, TAO, CHIQ, HAO-OLD, CHIX, TDF, QQQC, CNY, PEK, CHN, DSUM, CWEB, CXSE, CHAU, XPP, CNXT, ASHS, AFTY, CHAD, FCA, YAO, YXI, GCH, FXCH, ECNS, CHIM, CHII, CHIE, KFYP, CBON, EWHS, JFC, KCNY, FCHI, OBOR, ASHX, CNYA, FHK, HAHA, XINA, CNHX, KGRN, FLCH, FLHK, WCHN
- Now read: Ugly China's American Mirror
Original article