Trade Talks and Global Equity ETFs
The prolonged talks between the U.S. and China also dampened optimism over a swift end to the protracted trade tiff between the world’s two largest economies.
Furthermore, the markets experienced sudden flight to quality after news of the abrupt end to the summit between President Donald Trump and North Korean leader Kim Jong Un on denuclearization.
Global equities were on pace for their third consecutive daily loss after hitting a fourth-month high earlier this week on the upbeat expectations of an end to the U.S.-China trade war. Many market observers believe that global stock markets in 2019 will at best recover losses from the deep sell-off late last year, warning of a potential sharp fall off by mid-year.
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