Watching for developments tax reform and President Trump’s trip in Asia - UOB

Analysts at UOB noted that markets continue to watch for developments in the tax reform and President Trump’s trip in Asia. 

Key Quotes:

"A Washington Post report in early Asia suggests Senate Republican leaders considering a 1-year delay in corporate tax cut though it could face resistance from President Trump who wants to implement immediately once passed."

"The Senate Finance Committee plans to release a tax bill as early as Thursday. U.S. President Trump will be in China Wed-Thur, with market eyeing the potential announcement of more commercial deals. On the agenda for Trump’s China visit will be the bilateral trade deficit and North Korea issues."