Morning Call: Trade war escalates but CSI zips higher

Clare MacCarthy
Senior Editor, Saxo Bank

Summary:  Chinese investors seem confident that a trade deal will be reached in coming weeks despite the imposition of new tariffs and have sent equities into a smart rebound. Still, the market as a whole remains on edge and further sharp moves cannot be ruled out. All in all, an inauspicious day for Uber's IPO.