Asian shares pick up on US-China trade deal hopes

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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 ...

SYDNEY: 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 nicely", though uncertainty remained over whether a deal would be signed this year.

That was a more upbeat tone than just a few days earlier when Trump stressed that the White House would not agree to a full rollback of existing tariffs, remarks that hit stock prices and the dollar. Analysts said the outlook for equities was highly dependent on U.S. economic data as a U.S.-China trade agreement would help bolster manufacturing and industrial sectors.

 

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