Tuesday, 24 January 2017

Asian markets mixed; Takata tumbles 13% in early trade

Asian stocks were mixed on Tuesday, following Samsung's upbeat fourth-quarter earnings and Wall Street's lower close as US President Donald Trump formally withdrew the US from the Trans-Pacific Partnership (TPP) trade deal. Withdrawing from the TPP agreement was a promise Trump had made in his presidential campaign, saying it would protect American workers. The 12-nation trade deal was negotiated by former President Barack Obama's administration as a key pillar in his pivot to Asia.

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