Asian stocks opened higher, mirroring a volatile but ultimately positive close for US equities. Investors are navigating renewed US-China trade tensions, with President Trump declaring a trade war. Despite this, dip buyers are supporting market sentiment, keeping it firm.
US consumer sentiment near record low ahead of midterm elections
In October, consumer sentiment in the U.S. plummeted to a concerning 48.0, driven by rising prices and economic worries amid the ongoing Middle East conflict.