Asia: Stocks rise after gains in Europe

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[HONG KONG] Asian markets pushed higher on Tuesday, following up on a positive performance by European shares overnight as investors breathed a sigh of relief over populists' failure to take over the European parliament after weekend elections. Read more at The Business Times.

[HONG KONG] Asian markets pushed higher on Tuesday, following up on a positive performance by European shares overnight as investors breathed a sigh of relief over populists' failure to take over the European parliament after weekend elections.

The gains in Europe prompted a solid open for Tokyo, with US President Donald Trump taking a softer approach in Washington's trade dispute with Japan as he wraps up his visit to the Asian ally. The report, which comes as a trade row between Washington and Beijing escalates - with no date set for tariff negotiations to resume - could be a harbinger of a new chapter for Chinese business.

Tokyo rose 0.4 per cent, while Hong Kong edged up 0.3 per cent, and Shanghai gained 0.6 per cent. Seoul also inched up 0.1 per cent but Singapore lost 0.4 per cent.

Source: News Formal (newsformal.com)

 

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