Asian markets rise as earnings, trade hopes provide cheer

HONG KONG: Asian markets rose on Tuesday , tracking gains on Wall Street with confidence given a boost by a positive earnings season and speculation top US and Chinese negotiators will hold face-to-face trade talks soon.

Attention is now on the upcoming releases by tech titans including Amazon, Facebook and Google, with Boeing, Caterpillar, American Airlines and Coca-Cola also in line. Sydney added 0.5 per cent, Singapore put on 0.5 per cent and Seoul gained 0.4 per cent. Wellington, Taipei and Jakarta were also in positive territory.

The ban is a key bone of contention in the trade standoff, which has dragged on the global economy since last year. "While oil prices remain supported by Middle East geopolitical risk, the market's reaction has been muted due to the ascendency of United States shale production, which is tempering supply risk premiums," said Vanguard Markets' Stephen Innes.

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