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Asian shares soar as upbeat signals ease trade tensions
Asian shares rose on Wednesday as upbeat signals from Sino-U.S. trade talks fanned hopes of an easing of tariff tensions.
The positive mood pushed Wall Street indexes to fresh record-closing highs on Tuesday and stoked confidence in Asia as MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) up 0.19%. Australian shares (AXJO) climbed 0.65% and Japan’s Nikkei (N225) rose 0.36%.
U.S. President Donald Trump said on Tuesday that Washington and Beijing were close to agreement on the “first phase” of a trade deal. However, while Trump said the United States was in the “final throes” of work on a trade deal with Beijing, he also underscored U.S. support for protesters in Hong Kong who saw it as a sore point.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Asian stocks advanced on the prospect of ultra-easy monetary policy as the U.S. Federal Reserve kept interest rates near zero. Fed deemed it necessary to salvage the ailing economy, dragging the dollar down to a two-year low. The target range ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
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