Asia: Markets swing on tempered trade hopes, weak data

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[HONG KONG] Asian markets fluctuated Thursday as optimism over China-US trade talks was tempered by Donald Trump's top negotiator, while investors also digested weak factory data from Beijing and fresh geopolitical tensions in Kashmir. Read more at The Business Times.

[HONG KONG] Asian markets fluctuated Thursday as optimism over China-US trade talks was tempered by Donald Trump's top negotiator, while investors also digested weak factory data from Beijing and fresh geopolitical tensions in Kashmir.

Mr Lighthizer said a"trade deal hasn't been agreed yet, bringing some reality back to euphoric markets post-Trump's tariff extension, despite the fact Lighthizer also announced both sides had agreed on an enforcement process", said Oanda senior market analyst Jeffrey Halley.After a negative lead from Wall Street, Asian markets swung on Thursday and Tokyo went into the break 0.4 per cent lower.Hong Kong was up 0.4 per cent mid-morning, Shanghai gained 0.

"I think we still want to wait for the next month's reading as this month's is distorted by the holiday," he said.

 

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