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Asia shares cheered by Sino-.U.S. trade progress

Asian share markets pushed higher on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetites, while pressuring safe-haven bonds and the yen. Liquidity was lacking, however, with Japan off and a partial market holiday in the United States for Columbus Day. MSCI™s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.5%. Australia's main index gained 0.9% and South Korea .KS11 firmed 1.3%. While Tokyo was on holiday, Nikkei futures were...

Nikkei climbs on upbeat U.S. data, weaker yen; SoftBank Group slips
Friday, 6 September 2019 10:39 WIB | MARKET UPDATE |Nikkei 225Saham Jepang

Japanese shares reached another one-month on Friday as better-than-expected U.S. economic data and hopes for progress from coming trade talks between the United States and China bolstered risk appetites.

The benchmark Nikkei average gained as much as 0.7% to 21,241.29 in mid-morning trade, its highest level since Aug. 1, while the broader Topix rose as much as 0.5% to 1,542.38, its highest in a month.

Global equity markets welcomed upbeat data from the United States and news that Washington and Beijing agreed to high-level talks early in October, raising hopes for a de-escalation of the damaging conflict.

Source: Reuters

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POPULAR NEWS
Asia shares cheered by Sino-.U.S. trade progress

Asian share markets pushed higher on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetites, while pressuring safe-haven bonds and the yen. Liquidity was lacking, however, with Japan off and a partial market holiday in the United States for Columbus Day. MSCI™s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged up 0.5%. Australia's main index gained 0.9% and South Korea .KS11 firmed 1.3%. While Tokyo was on holiday, Nikkei futures were...

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