Asian shares rise on trade talks hope

Asian shares gained on Friday, joining a global trend as investors took heart from firm U.S. economic data plans hopes a meeting between U.S. and Chinese negotiators next month signals an easing in trade tensions.

Asian shares

  • MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.4%.
  • The Shanghai Composite Index edged up 0.1%.
  • Hong Kong’s Hang Seng was up 0.2%.
  • Australian stocks gained 0.5%.
  • South Korea’s KOSPI climbed 0.1%.
  • Japan’s Nikkei advanced 0.4%.

Currency Markets

  • The dollar stood at 107.000 yen after climbing to a one-month high of 107.235 overnight.
  • The greenback has gained about 0.7% against the safe-haven yen.
  • The Australian dollar traded close to a one-month peak of $0.6830.
  • The euro was steady at $1.1039 after rising 0.5% overnight.

Bonds

  • The 10-year Treasury yield was at 1.536%, having risen from a three-year trough of 1.428% plumbed midweek as soft economic data and Sino-U.S. trade worries stoked global recession concerns.
  • Japan’s 10-year government bond yield climbed 2.5 basis points to minus 0.250%, putting some distance between a three-year low of minus 0.295% set earlier this week.

Commodities

  • Brent crude oil futures were little changed at $60.97 per barrel, losing some steam after posting strong gains over the past two sessions.

Source

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy