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

Shares of U.S. asset managers rise, signaling a rebound after three sessions of tariff-related turmoil

Investors keenly await any sign of the U.S. considering 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 markets due to the trade war and the resulting economic uncertainty and inflationary pressures

Janus Henderson JHG.N rises 6.1%, Apollo APO.N and Charles Schwab SCHW.N up 4.5%

KKR KKR.N rises 3.4%, Franklin Resources BEN.N up 3.2%, Blackstone BX.N up 2.2%

Icahn Enterprises IEP.O and BlackRock BLK.N up 1.5%

"Negative beta combined with elevated market uncertainty and volatility have quickly become a headwind," Jefferies analysts said in a note