[HONG KONG] Asian markets mostly rose on Tuesday, paring some of the previous day's painful losses as investors welcomed news that Chinese trade negotiators will travel to Washington this week despite Donald Trump's threat to hike tariffs.
Mr Trump's remarks came as a shock, coming just days after officials on both sides had sounded positive on the talks, with markets broadly expecting an agreement to be announced soon.While some observers pointed out that such high-stakes moves are characteristic of Trump's negotiating style and that they expect a deal to be agreed anyway, Oanda senior market analyst Jeffrey Halley remained cautious."Say what you want about the US president...
Hong Kong also added 0.8 per cent following a nearly three-per cent plunge, while Sydney was up a similar amount.Singapore rose 0.3 per cent, while Taipei and Jakarta gained 0.7 per cent. Manila and Wellington were also well up. There is a broad expectation some deal will eventually be reached but how extensive it will be is unknown.
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