Global markets were higher overnight as Wall Street’s main indices broke a three-day losing streak following a report that the United States and China were moving closer to signing a “phase one” trade deal. Trade War news flow continues to drive investor sentiment, and as we have discussed in the past we believe this dynamic will continue for some time, given there are no "short term solutions" to the trade war.
Stock in Focus: Wistech Global (WTC:ASX)
WTC shares pulled back significantly after being attacked by a short-seller who alleged WTC is overstating its profit and revenue, saying "WTC is using uniquely confusing accounting strategies to exaggerate growth and income".
Accordingly, WTC have rejected the claims of financial impropriety and irregularity contained in the report. We would also note that shor...
