US asset managers rise as markets rebound after three days of tariff-turmoil

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