Asian shares pick up on US-China trade deal hopes

Asian shares pick up on US-China trade deal hopes


Asian shares pick up on US-China trade deal hopes

Asian shares edged higher on Monday after U.S. President Donald Trump said over the weekend that trade talks with China were moving along 'very ...

Japan's Nikkei was up 0.2per cent to inch closer to a recent 13-month high. Australian shares rose 0.5per cent to a two-week high while South Korea's KOSPI was off 0.2per cent.

That left MSCI's broadest index of Asia-Pacific shares outside Japan 0.05per cent firmer at 534.63, testing a recent six-month peak.

"Despite his bluster that 'China wants a trade deal more than I do', markets sense that Trump is likely quite keen to call a truce on what is becoming a serious U.S. economic risk heading into the 2020 election year," said David Bassanese, Sydney-based economist at Betashares.

By the close of Wall Street on Friday, optimism had returned to the market as investors bet that Washingon needs a deal and it is in the interests of China, too. All three major U.S. indexes eked out record closing highs.

"Focus this week will again be on any reports on U.S.-China trade negotiations," Bassanese said."There is still a lingering risk that talks could fail once again, in which case the recent risk-on global sentiment could be quickly unwound."

U.S. officials said a lot of work remained to be done when Trump announced the outlines of an interim deal last month, and Beijing has since pushed back on U.S. demands for big agricultural purchases, among other issues.

Reflecting growing economic optimism, the benchmark 10-year Treasury yield has moved well off its early September lows, and the yield curve between 3-month bills and 10-year notes has steepened.

Read more: CNA

Trump says China wants a trade deal with US 'much more than I do'WASHINGTON (BLOOMBERG) - President Donald Trump said trade talks with China are moving along 'very nicely,' and said the leaders in Beijing wanted a deal 'much more than I do.'. Read more at

China-US trade war to ease but conflicts will persist: China's ex-finance minister Lou Jiwei[BEIJING] A Sino-US trade war could ease somewhat but wider conflicts between the world's two largest economies will continue, Lou Jiwei, a former Chinese finance minister, said on Saturday. Read more at The Business Times.

Scientists with links to China may be stealing biomedical research, US saysNEW YORK — The scientist at MD Anderson Cancer Center in Houston was hardly discreet. “Here is the bones and meet of what you want,” he wrote in a misspelled email to researchers in China.

Asian Pay TV Trust declares 0.3 S cent DPU for Q3PAY TV firm Asian Pay Television Trust (APTT) declared an ordinary interim distribution per unit (DPU) of 0.3 Singapore cent for its third quarter, versus 1.625 cents a year ago, to be paid on Dec 24. Read more at The Business Times.

China trade talks moving along nicely, but deal has to be right: TrumpU.S. President Donald Trump said on Saturday that trade talks with China were moving along 'very nicely,' but the United States would only make a ...

Skating: Russian teen Anna Shcherbakova dazzles in China to win goldSHANGHAI (AFP) - The 15-year-old Russian Anna Shcherbakova dazzled her way to gold at figure skating's Cup of China on Saturday (Nov 9) for her second victory in as many events in the ISU Grand Prix.. Read more at

Write Comment

Thank you for your comment.
Please try again later.

Latest News


11 November 2019, Monday News

Previous news

Apple co-founder says Apple Card algorithm gave wife lower credit limit

Next news

Oil slips on jitters over US-China trade talks progress