** Shares of U.S. asset managers rise premarket, signaling a rebound after three sessions of tariff-related turmoil
** Investors keenly await any sign of the U.S. opening up for negotiations over its tariffs, especially as China has refused to bow to what it has called "blackmail"
** Asset managers could see a drop in fees, if there is a prolonged decline in the markets due to the trade war and the resulting economic uncertainty and inflationary pressures
** KKR KKR.N rises 5.9%, Icahn Enterprises IEP.O up 5.6%, BlackRock BLK.N up 5.2%, and Blackstone BX.N up 4.5%,
** Apollo APO.N up 3.9% and Charles Schwab SCHW.N rises 3%
** "Negative beta combined with elevated market uncertainty and volatility have quickly become a headwind," said Jefferies analysts in a note
(Reporting by Ateev Bhandari in Bengaluru)
((ateev.bhandari@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.