Asian stocks set for cautious gains on Sino-US trade hopes | Malay Mail

Pedestrians ride an escalator near an overpass with an electronic board showing the Shanghai and Shenzhen stock indexes at Lujiazui financial district, in Shanghai, China March 13, 2020. — Reuters pic

The euro rose and gold prices fell as positive signals on the Washington-Beijing trade front bolstered risk sentiment and offset support for the metal from a weaker dollar. “As the Federal Reserve’s liquidity has provided fuel for the fire, the concentration of the top five largest stocks in the S&P 500 index gives us some pause,” Zaccarelli added.

The Dow Jones Industrial Average, which has yet to reclaim its February high, ended the session lower, however, falling 0.21 per cent. Australian S&P/ASX 200 futures were down 0.55 per cent, while Japan’s Nikkei 225 futures were up 0.09 per cent. Hong Kong’s Hang Seng index futures were up 0.1 per cent.Investors have also cheered signs researchers might be closer to a treatment for coronavirus.

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