Asian stocks dip amid China trade jitters, BOJ in focus
Investing.com-- Most Asian stocks fell on Friday as a rally on signs of cooling U.S. inflation wound down, with focus now turning to a Bank of Japan meeting where the central bank is widely expected to further tighten policy.
Markets were waiting to see just how much the BOJ would reduce its bond purchases, given that recent weakness in the Japanese economy gives the central bank limited headroom to tighten policy. Chinese bourses saw extended selling after the EU unveiled steep tariffs of between 17% to 30% on the import of Chinese electric vehicles. SAIC Motor Corp Ltd (SS:The EU trailed the U.S. in imposing tariffs on China’s fast-growing EV sector. But unlike the U.S., the EU does represent a major market for Chinese EV makers.
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