Asian shares higher on growing optimism for US-China trade deal
18 January

Asian shares higher on growing optimism for US-China trade deal

Asian shares traded broadly higher on reports on progress in US-China trade negotiations, stirring market optimism and raising hopes a deal can still be reached between the world’s two largest economies. 

 

 

US media reported that U.S. Treasury Secretary Steven Mnuchin openly discussed the option of lifting tariffs imposed on Chinese imports, and even rolling tariffs back during the scheduled trade negotiations on Jan 30. The MSCI’s broadest index of Asia-Pacific shares outside Japan gained +0.55%, with the index closing up 1.3% for the week. Elsewhere, Hong Kong’s Hang Seng index climbed +1.25%, whilst down under the ASX 200. 

 

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