Stocks cheered by trade deal hopes but caution prevails

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Asian stocks jumped on Friday, propelled by a record S&P 500 finish and White House comments suggesting Washington and Beijing were close to ...

SHANGHAI: Asian stocks jumped on Friday, lifted by White House comments that suggested the possibility of an imminent trade deal between Washington and Beijing, which revived hopes that their tariff war may be nearing an end.

That helped to lift MSCI's broadest index of Asia-Pacific shares outside Japan up 0.57per cent. Japan's Nikkei added 0.7per cent and Australian shares gained 0.87per cent.Chinese blue-chip shares, in contrast, struggled to hold gains after rising as much as 0.23per cent earlier in the day. The CSI300 index was last down 0.45per cent.

The safe-haven yen weakened, with the dollar rising 0.17per cent to buy 108.57 yen. The euro was barely changed at US$1.1023 and the dollar index, which tracks the greenback against a basket of six major rivals was off just 0.02per cent at 98.143. Global sentiment has been buffeted in recent weeks by conflicting assessments of progress in talks between the United States and China aimed at ending their 16-month-long trade war.

 

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Stocks in cautious ranges ahead of China data, trade talk hopes fadeAsian stocks clung to tight ranges on Thursday as investors awaited key Chinese data for clues on how much the 16-month trade war between Beijing ...
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South Korea: Stocks slide on trade deal concerns, Hong Kong unrest[SEOUL] South Korean shares dropped on Wednesday as hopes for a Sino-US trade deal dwindled after President Donald Trump gave no new details on negotiations with China and as unrest in Hong Kong escalated. Read more at The Business Times.
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