Most Asian shares crept higher on Wednesday following a firm Wall Street finish, but gains were curbed by weak data in the region and intensifying fears over volatile Sino-U.S. trade relations.
The Trump administration plans to propose slapping a 25-percent tariff on $200 billion of imported Chinese goods after initially setting them at 10 percent, in a bid to pressure Beijing into making trade concessions, a source familiar with the plan said on Tuesday.
It became clear this summer that the league now has a curious economy: NBA salaries are reflections, more than ever before, of when players happened to be free agents.
Manufacturing activity across Asia slowed in July, deepening concerns about the region's economic outlook as an intensifying trade conflict between the United States and China sent shudders through their trading partners.
China, Europe and Mexico’s economies showed fresh signs of stumbling Tuesday while the U.S. powered ahead, boosting Washington’s hand as it jockeys with them over trade.