HONG KONG: Signs of easing tensions between China and the US in their trade row fuelled hopes of a breakthrough in high-level talks next month but Asian markets were mixed on Thursday as dealers struggled to extend this week's healthy rally., just hours after Beijing announced it would remove a range of US products from its own planned levies.
The delay"shows Trump doesn't want to increase tariffs before the trade talks in early October and it creates good conditions," said Tommy Xie, an economist at Oversea-Chinese Banking Corp."It adds to the hope that there'll be good news from the October meeting, and markets will wait and see." However, the gains followed a sharp drop for both main contracts as traders bet on a possible return of Iranian crude to the market after the firing of Trump's hawkish national security adviser John Bolton eased fears of a conflagration in the Middle East.
There was also speculation the Bank of Japan was considering opening up its armoury to support the economy.
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