HONG KONG: Asian markets largely rallied Friday , tracking a rebound on Wall Street, as investors attempted to shrug off lingering US-China trade war fears.
The Japanese data came a day after China released figures showing that its exports beat expectations to rise in July, boosting equities in the region. "The current market dynamics are such that the stabilisation of risk assets will remain a function of improvement on the trade front or the Fed turning increasingly more dovish," said Stephen Innes at VM Markets.
That has done little to placate Trump however, with Washington formally branding China a currency manipulator earlier in the week.
Source: Financial Digest (financialdigest.net)
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