Asian shares higher on hopes for US trade talks
Asian shares traded higher on Wednesday because of the signs of US-China talks. US negotiators are expected to travel to China to resume talks on trade agreement and will be the first face-to-face talks since President Donald Trump met Xi Jinping.
Shangai Composite Index rose 1.1% and Hong Kong’s Hang Seng gained 0.9%. In addition, Japan’s Nikkei rose 0.5%.
MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 0.4% and Chinese blue chips climbed 1.2%.
Nasdaq futures fell 0.2% in Asian trade, while E-Mini futures for the S&P 500 eased 0.1%.
The S&P 500 gained 0.68% and the Nasdaq 0.58%.
In currency markets, the euro was down near two-month lows at $1.1144. The dollar nudged up on the yen to 108.23. Sterling was at $1.2433.
In other news, Boris Johnson is set to become Britain’s new prime minister later on Wednesday, but investors are no clearer on whether he would lead the country to a no-deal exit or find a compromise.
In commodities, gold was steady at $1,421.76 per ounce and brent crude futures added 18 cents to $64.01, while U.S. crude rose 24 cents to $57.01 a barrel.