Shanghai — Asian equities posted a mild bounce on Friday from three-week lows hit the previous day, with persistent worries over the status of trade negotiations between China and the US limiting the gains.
“If he’s going to be forced to sign it, then it brings another [element] of uncertainty to this phase one trade deal, which then pushes back into next year,” said Matt Simpson, senior market analyst at GAIN Capital in Singapore. The losses, though, were tempered by China saying it was willing to work with the US to resolve core trade concerns, and a report in the Wall Street Journal that China has invited top US trade negotiators for a new round of face-to-face talks in Beijing.
“It’s fair to say that some signs of trade-headline fatigue are emerging in markets,” they said in a note.The yield on benchmark 10-year Treasury notes was at 1.7774%, up from its US close of 1.772% on Thursday. The policy-sensitive two-year yield was at 1.6087% compared with a US close of 1.605%.
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