Asian Stocks Lifted By U.S.-China Trade Talk Hopes

www.oann.com | 1/26/2017 | Staff
boti (Posted by) Level 3
TOKYO (Reuters) – Asian stocks pulled ahead and safe-haven government bonds came under further pressure on Wednesday on optimism the United States and China might be able to hammer out a deal to resolve their nearly year-long trade dispute.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent.

South - Korea - KOSPI - Percent - Japan

South Korea’s KOSPI gained 0.5 percent and Japan’s Nikkei climbed 1 percent.

Asia took its cue from Wall Street, where the Dow and Nasdaq each rallied about 1.5 percent overnight on optimism over U.S.-China trade negotiations and a tentative U.S. congressional spending deal to avert another partial government shutdown.

US - President - Donald - Trump - Tuesday

U.S. President Donald Trump said on Tuesday that he could see letting the March 1 deadline for reaching a trade agreement with China slide a little if the two sides were close to a complete deal.

Officials in Washington and Beijing had expressed hopes that a new round of talks which began this week would bring them nearer to easing their seven-month trade war.

Sentiment - Trade - Concerns - US - Issues

“We are currently seeing negative sentiment which had built up over trade concerns and U.S. fiscal issues being unwound,” said Soichiro Monji, senior economist at Daiwa SB Investments in Tokyo.

“For risk assets to move purely on optimism, the U.S.-China trade row will need to see some kind of a closure in March. A more permanent solution to avoid...
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