Confirmation of US-China trade talks buoys shares, investor spirits

TOKYO: Asian shares extended gains on Thursday and U.S. stock futures jumped after China said it will hold trade talks with the United States in early October, raising hopes they can de-escalate their trade war before it inflicts further damage on the global economy.

China's confirmation of trade talks added to upbeat geopolitical news overnight. A parliamentary vote in Britain put the brakes on the nation's no-deal exit from the European Union, Hong Kong withdrew a contentious extradition bill that sparked recent protests and political turmoil in Italy appeared to be easing.

"Since yesterday, there has been limited downside in markets because of what happened in Hong Kong, but now the U.S.-China talks are the story," said Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management Co in Tokyo.Hong Kong shares erased early losses to rise 0.5per cent.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China, US to hold trade talks in October: China commerce ministry[BEIJING] China and the United States agreed to hold trade talks in early October in Washington, China's commerce ministry said on Thursday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US: Wall St opens lower as US-China trade tensions weigh[NEW YORK] US stocks fell broadly at the open on Tuesday, as Washington's new round of tariffs on some Chinese goods kicked in and after a report that officials from both sides were struggling to decide on the schedule for a meeting this month. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

US investment in Malaysia up sharply as trade row with China drags onKUALA LUMPUR: Malaysia approved US investment worth US$5.62 billion in the first half of the year compared with US$113 million the previous year, ... Dveb .. Cgfgcxr.d. .rgd thc
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »