Asian shares win reprieve as Trump seen delaying auto tariffs

Money Control | May 16, 2019 at 8:02 AM
  • Asian shares steadied on Thursday on news that US President Donald Trump is planning to delay tariffs on auto imports, providing much needed relief to markets hit by a flare-up in trade tensions and on weak U.S. and and Chinese economic data.
  • China reported surprisingly weaker growth in retail sales and industrial output for April.
  • In the U.S., retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, while industrial production fell 0.5% in April, the third drop this year.