There is broad scepticism, however, among investors as to whether the two world leaders can plaster over the deep fissures in their countries’ trade ties.
“They have to be very clear and sing from the same hymn sheet or all it’s going to do is increase speculation and market volatility, making their job even harder.’’Stocks in China gained one per cent, while Chinese blue-chips tacked on 1.3 per cent on optimism of easing U.S.-China tensions and local stimulus.Trade-sensitive Taiwanese equities added 2 per cent, while their South Korean peers rose 1.2 per cent.China’s yuan gained on U.S.-China trade optimism.
“While there are so many risks at play in South Africa, people are still happy to take that carry, regardless,’’ said Monex Europe’s Harvey.