Kyodo/NewscomIf a November meeting between U.S. President Donald Trump and Chinese President Xi Jinping does not produce an agreement, the U.S. could further escalate the two nations' trade war with additional tariffs before the end of the year.
No decision has been made but preparation for new tariff list are on, in case the meeting does not yield progress towards solving disputes. Asian shares were mostly higher on Tuesday as traders took the weaker yuan as a sign that Chinese exports can remain competitive even if a trade dispute with Washington heats up. Previous rounds of United States tariffs have taken at least two months to impose once a list of products was announced, allowing for public comments to be aired.
Tariff "wave" the stock market gains away. It fell as much as 566 during the day.The Nasdaq composite, which is heavily weighted with technology stocks, lost 116.92 points, or 1.6 percent, to 7,050.29. The rally helped turn both the S&P 500 and the Dow Jones Industrial Average once again positive for the year, though each is up less than 1 percent since the beginning of January.
The kiwi traded at 65.46 U.S. cents from 65.27 USA cents at 8am and 65.32 cents yesterday.
Boeing, which saw its stock gain early Monday, became the leading laggard on the Dow, closing down 6.6 percent and suffering its worst day since February 2016.
The S&P 500 index fell 17.44 points, or 0.7%, to 2,641.25 on Monday.
World's tallest statue unveiled in India
The gallery can accommodate 200 visitors at one go and also offers stunning views of the surrounding area. The Prime Minister will reach Ahmedabad today evening and stay overnight at Raj Bhavan.
While the proposed new tariffs have yet to be confirmed, the Bloomberg report is in line with a Wall Street Journal report last week that the United States was refusing to "resume trade negotiations with China until Beijing comes up with a concrete proposal to address Washington's complaints about forced technology transfers and other issues".
The S&P 500 is down 32.36 points, or 1.2 percent.
In an interview with Fox News, US President Trump has underscored that he predicts a "full-blown deal" with China on trade, but that Beijing is not ready for it. The euro fell to $1.1354 from $1.1372.
The Russell 2000 is down 58.20 points, or 3.8 percent. Brent crude, used to price global oils, lost $1.14 to $76.20 per barrel. Stocks climbed earlier this month after Bolsonaro led the previous round of voting, as investors preferred him to leftist parties.Bond prices dipped.
ENERGY: Benchmark U.S. crude added 6 cents to $67.10 per barrel in electronic trading on the New York Mercantile Exchange. Copper was little changed at $2.74 a pound.The dollar rose to 112.35 yen from 111.85 yen.