Market optimism about the easing of trade tensions has waned. US President Donald Trump said he was not satisfied with the latest round of negotiations between the United States and China. This caused Asian stock indices to decline overnight, and safe haven assets such as Treasury bonds and the yen to rise due to increased global uncertainty. Trump added in the morning that the trade agreement is going well, but that the structure that has been used must be different, which further encouraged the feeling of uncertainty and nervousness in the markets.
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