The report may be what's weighing on stock markets
The chatter is vague at moment, citing official media. The talk is likely what's responsible for the latest downtick in USD/JPY and stock markets.
Update: A report cites the Global Times but it sounds more like speculation than a hard report.
Unlike the previous negotiations, the 10th round of high-level economic and trade talks, which concluded here on Wednesday, had fewer details about specific discussions and results, state-run Global Times reported.
That left many to wonder whether the two economic powers have hit an impasse in the tough talks and whether a trade agreement that would end their year-long trade tussle is still within reach as it had appeared to be, it said.
I'd be more inclined to fade the move.
