Asian stocks gain, progress in US-China talks eyed

TOKYO: Asian shares rose on Friday, led by a surge in Chinese equities, on hopes that Washington and Beijing are making progress in trade talks, while global bond yields moved higher after a prolonged slide on worries about the economic outlook.

Despite recent turbulence, the S&P 500 has gained 12.3 percent so far this quarter, which would mark its best quarterly performance since 2009 if sustained. "The economy is softening and will soften for now. But whether the U.S. is entering a recession is still debatable," said Mutsumi Kagawa, chief global strategist at Rakuten Securities.

The British pound crawled up 0.3 percent to US$1.3077 after sliding more than 1 percent the previous day.

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ChannelNewsAsia /  🏆 6. in KR

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