Mixed Economic Signals Send Asian and US Markets into Tumble

News Snapshot:

Asian shares took a dip on Monday as diverse Chinese economic indicators painted a worrisome picture of the struggling domestic economy, compounded by U.S. tariffs affecting exports. Meanwhile, U.S. shares and the dollar slipped, causing Treasury yields to rise following a Moody's downgrade of the country's credit rating. Concerns about the U.S.'s towering $36 trillion debt are mounting as Republicans press for substantial tax cuts, potentially increasing debt by up to $5 trillion. U.S. Treasury Secretary Scott Bessent brushed off the downgrade but warned trade partners of maximum tariffs without fair trade deals. Markets are sensitive to tariff impacts on...