Asia stocks set to slip as investors watch US-China trade negotiations
Stocks finished the trading day on Wall Street marginally lower. The Dow Jones Industrial Average slipped just 13.02 points to 25,806.63, while the S&P 500 shed 0.1 percent to 2,789.65. The Nasdaq Composite ended just below the flat line at 7,576.36.
Secretary of State Mike Pompeo said Monday he thought Washington and Beijing were “on the cusp” of reaching a deal that would end the trade skirmish.
“We’re trying to get that rectified, get that fixed, make it fair and reciprocal and I think we’re on the cusp of doing that and I hope all those tariffs will go away, all those barriers,” he said.