Asian stocks rise on hopes for U.S.-China trade, European monetary stimulus

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. “Some in the market react to small changes in negotiating positions because Trump is negotiating in the open. I’m more concerned about Brexit, because there is some complacency in the EU about this.”

Trump’s delay of additional tariffs on Chinese goods comes one day after China said it would exempt 16 types of U.S. products from import tariffs.

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