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Global markets opened on a cautious note today as Asian stocks dipped in response to concerning data from China and reports of impending tariff hikes by US President Joe Biden on certain Chinese goods.

Market jitters as Biden eyes tariff hikes on Chinese goods

May 12, 2024, 10:08 PM - 2 mins read

Equity benchmarks in Australia and Japan saw declines, mirroring the downward trend in Hong Kong futures. Additionally, US contracts showed a slight dip following the previous week's struggle of the S&P 500 index to gain momentum.

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