By Chris Becker
Big falls overnight as risk sentiment reversed and then slumped as it became apparent that The Great Deal Maker was full of hot air over the US/Chinese trade war truce. US stocks were drowned in a bath of blood, down nearly 4%, with the US 10 year Treasury yield also down considerably to 2.88% or nearly 10 pips as the USD gained strength against the majors, except Yen on the safe haven bid.
It’s not going to be a pretty day for long-only investors here in Asia!