SINGAPORE - Asian share markets rose on Tuesday and safe-haven assets slid as signs of goodwill between China and the United States supported optimism for global growth, with the world's two biggest economies preparing to formalise a trade-war truce.
MSCI's broadest index of Asia-Pacific shares outside Japan opened at an all-time high and drifted higher. "It's buy the rumour, sell the fact...even a delay could see an extremely negative reaction," he said. In tandem with the rally, safe-haven assets slipped and slid lower on Tuesday. Gold extended Monday's fall to trade 0.2 per cent weaker at US$1545.15 per ounce.