U.S. President Donald Trump delivers his speech next to U.S. and Chinese flags as he and Chinese President Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, November 9, 2017. (REUTERS/Damir Sagolj/File Photo)
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Asian investors on Thursday largely brushed off China's tit-for-tat response to Donald Trump's latest tariff threats, with most markets rising, but concerns about the impact of an all-out trade war are keeping optimism in check.Beijing said on Wednesday it would impose 25 percent tariffs on $16 billion of US goods from August 23, retaliating in kind to a warning from US officials the day before and escalating a crisis that pits the world's top two economies against each other.Hong Kong jumped 0.9 percent, extending its rally to a fourth day, while Shanghai surged 1.8 percent following healthy Chinese inflation data.Both main contracts plunged more than three percent on Wednesday, with analysts saying figures pointing to a drop in Chinese imports from the US were also detrimental.
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