Asian stocks rise on hopes for US-China trade, monetary stimulus

TOKYO: Asian stocks rose on Thursday on hopes for a thaw in U.S.-China trade frictions and expectations that the European Central Bank will kick off another wave of monetary easing by global central banks.

Any easing of concerns about the bruising trade war is likely to help equities extend their rally this month after a tumultuous August. U.S. stock futures rose 0.57per cent in Asia on Thursday after the S&P 500 ended 0.72per cent higher in New York on Wednesday. The gestures of goodwill raise hopes both sides can narrow their differences before working-level resume talks in mid-September and high-level trade negotiations that are expected in October.

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Studies show US companies not leaving China in droves, but China companies investing less in USWASHINGTON - Chinese companies are investing less in the United States but American firms are continuing to plough money into China, according to two research papers released on Monday (Sept 9) that show how companies in the two superpowers are responding differently to the trade war.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »