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Asian shares were in rocky trade on Tuesday after the confusing statements made by the White House over the U.S.-China trade deal. President Trump also clarified that the pact between the two countries was “fully intact.”
S&P 500 e-minis were back in positive territory as the market sentiment rose. MSCI’s broadest index of Asia Pacific shares outside of Japan were up 0.7%.
Chinese blue-chip index rose 0.3%, while Hong Kong’s Hang Seng gained 0.7%. Australia’s S&P/ASX 200 climbed 0.1%, while Japan’s Nikkei grew 0.8%.
Asian stocks have rallied since hitting lows in March due to the coronavirus pandemic. Stocks were supported by central bank stimulus and easing lockdowns in many countries.
On Wall Street, the Dow gained 0.59%, the S&P 500 climbed 0.65%, and the Nasdaq rose 1.11%.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
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 ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
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