Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Asian shares were a sea of red of Friday, take cues from a slump in U.S. stocks, which tanked overnight.
Losses were led by the Chinese markets, with Hong Kong's down more than 3 percent and the down more than 4 percent at midday after losing the most since February 2016, according to Reuters records.
The sell-off followed a robust rally in China's stock market earlier this year, which is now unwinding ahead of the Lunar New Year holidays starting next week, as investors lock in profits, said Kevin Leung, global investment strategy director at Haitong international Securities.
The earlier gains were due to very persistent inflow into Asia emerging equities for "a long time", particularly "large and euphoric inflows" driving valuations up, said Jonathan Garner, Morgan Stanley's chief Asia and emerging equity strategist.
That looks to be unwinding now, said experts. And the selling may not let up as there is also technical pressure, said Daryl Liew, head of portfolio management at Reyl Singapore.
The "buy-on-dip strategy that worked so well last year" is probably one to avoid right now, Liew added to CNBC.
Morgan Stanley's Garner recommended looking outside some of the big economies of north Asia. The house likes Malaysia, Singapore and Thailand, which has a defensive sector mix that tends to outperform in a bear market, he added.
Japan also received an endorsement with a growing economy, wage growth and inflation after years of stagnant growth.
"The overall fundamentals look pretty good," said Peter Boardman, managing director at NWQ Management.
Investors also need to consider this week's losses in the context of strong gains in the broader markets in the last year.
"I don't think it's realistic for markets to continue going up in a straight line," said Jim McCafferty, head of Asia ex-Japan equity research at Nomura Securities.
"I'm not suggesting this is a pause for breathe, but it seems as if it's more than that. I think it would be unrealistic to expect markets to gain every single week over a continued period of time."