Asia stocks rise as investors await Beijing-Washington trade meeting and China data

Stock market indices have sharply fallen on the heels of President Trump imposing higher tariffs on more than 180 countries.

Citi remains bullish on defense stocks, particularly given Europe’s continued defense spending and Trump’s recent missile defense dome and shipbuilding plans.

If there is military action by Israel against Iran, it would most likely be without U.S. support, sources said.