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The buoyant U.S. stock markets early in the week belied the volatility in Asia caused by what Peter Navarro said in an interview where he had to subsequently clarify a particular comment was taken "wildly out of context." The White House trade adviser and longtime China hawk replied "It's over" to Martha MacCallum, the host of Fox News' "The Story," when asked about the trade deal with China late on Monday.
Hong Kong's benchmark indicator, Hang Seng Index (HSI) declined as much as 1.3 percent following the news. While Navarro