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: Investing.com

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