Stocks jump as US, China inch closer to trade deal

SYDNEY: Asian shares started the week on the front foot on signs the United States and China were close to striking a tariff deal to end their protracted trade war while the dollar eased as traders wagered Federal Reserve policy would remain accommodative.

Chinese shares were the biggest gainers in Asia, with the blue-chip index up 3 percent. Australian shares rose 0.5 percent and Hong Kong's Hang Seng index added 0.7 percent. "These policies will be influential to maintain the upbeat onshore sentiment that has driven a strong rebound in the A-share market," Tai said.China's CSI300 index rallied last week after index provider MSCI quadrupled its weighting for mainland shares in its global benchmarks.

In the United States, ISM data showed manufacturing activity for February dropped to its lowest since November 2016, while the University of Michigan survey showed consumer sentiment fell short of expectations in the month.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Stocks jump on signs US, China close to trade dealU.S. stock futures jumped on Monday on reports the United States and China were close to striking a trade deal after a year-long tariff skirmish ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US stocks rise on China trade talks progressNEW YORK: Wall Street stocks finished modestly higher on Monday (Feb 25) on renewed optimism about a potential US-China trade deal, and ahead of ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

US: Stocks rise on China trade talks progress[NEW YORK] Wall Street stocks finished modestly higher on Monday on renewed optimism about a potential US-China trade deal, and ahead of key economic data releases. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Singapore stocks: STI resumes Monday afternoon at 3,263.25, down 0.2% on daySINGAPORE stocks fell on Monday afternoon's trading resumption, with the Straits Times Index declining 0.2 per cent or 6.65 points on the day to 3,263.25 as at 1.03pm. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Tokyo: Stocks close higher on cheaper yen, China data[TOKYO] Tokyo stocks closed higher on Friday, helped by a cheaper yen as the dollar strengthened on stronger-than-expected US GDP growth data and with the market also supported by positive Chinese data. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Asian stocks fall as trade hopes wane, US-North Korea summit ends earlyAsian stocks slipped on Thursday after cautious comments from U.S. Trade Representative Robert Lighthizer dented some of the recent optimism ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

European stocks rally as Trump delays China tariffsLONDON: European stocks rebounded on Monday (Feb 25) after US President Donald Trump said he would delay a hike in tariffs on Chinese goods, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »