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Asia stocks mixed amid deepening US-China strains

Bloomberg
Bloomberg5/27/2020 10:19 AM GMT+08  • 2 min read
Asia stocks mixed amid deepening US-China strains
Asian stocks were mixed on Wednesday as investors weigh hopes for economic recovery against deepening US-China strains.
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(May 27): Asian stocks were mixed on Wednesday as investors weigh hopes for economic recovery against deepening US-China strains.

Futures on the S&P 500 fluctuated after the index closed at an 11-week high. Jamie Dimon, head of America’s biggest bank, counted himself among the optimists Tuesday, saying there could be a “fairly rapid recovery.” Data showed U.S. new-home sales unexpectedly rose in April. Treasuries and the dollar held the bulk of Tuesday’s losses. Stocks were up in Tokyo and Seoul, and flat in Shanghai and Sydney.

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