(June 23): Asian stocks climbed and the yen retreated after President Donald Trump said that the US-China trade deal is intact, easing doubts sparked by reported comments from a senior adviser.
Futures on the S&P 500 had opened higher Tuesday, then tumbled over 1% for a time after Trump aide Peter Navarro was quoted saying the trade agreement signed in January was over. Crude oil slid along with the offshore yuan, before all the moves began reversing when Navarro said the remark was taken “wildly” out of context. Trump later tweeted that he hoped China would continue living up to the deal.
