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US stocks rebound after inability to reach economic stimulus deal hit markets
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Stocks were mostly higher in Asia on Wednesday despite an overnight decline on Wall Street after President Donald Trump ordered a stop to talks on another round of aid for the economy.
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Markets rose in Hong Kong and Sydney but fell in Tokyo.
Trump’s announcement via Twitter came after Federal Reserve Chair Jerome Powell urged Congress to come through with more aid, saying that too little support “would lead to a weak recovery, creating unnecessary hardship.”TRUMP REJECTS DEMS' CORONAVIRUS RELIEF PROPOSAL, CALLS OFF NEGOTIATIONS 'UNTIL AFTER THE ELECTION'
Hours after his tweets about ending the stimulus talks, though, Trump appeared to edge back a bit from his call to end negotiations, calling on Congress to send him a “Stand Alone Bill for Stimulus Checks ($1,200)”
Some analysts characterized Trump's move as likely a negotiating ploy.