Trump has indicated that he will proceed with the China's tariffs.

https://www.channelnewsasia.com/news/business/asia-mood-to-be-tested-by-trump-warning-on-china-10971608

We expected this and warned about this in our previous posts.

https://sg-stock.blogspot.com/2018/11/poll-do-you-think-that-trump-and-xi.html

https://sg-stock.blogspot.com/2018/11/no-more-trade-talk-between-trump-and-xi.html

The stock markets are too overly optimistic and have not factored this trade talk breakdown.