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Stocks in Asia set to gain on hopes of progress in US-China trade

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The Wall Street Journal reported Thursday that China agreed to open its cloud-computing sector to foreign companies in an attempt to sweeten a deal with the U.S.

Shares in Asia were set to gain at the open, following signs of progress on the U.S.-China trade front.

Overnight on Wall Street, stocks finished the trading day stateside close to the flatline. The Dow Jones Industrial Average shed 14.11 points to 26,143.05 and the S&P 500 posted a marginal gain at 2,888.32. The Nasdaq Composite declined 0.2 percent to 7,947.36. Meanwhile, U.S. Federal Reserve Vice Chairman Richard Clarida told CNBC on Thursday that officials at the central bank see no necessity to move interest rates in either direction at present.

 

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