Asian stocks were higher on Friday; hopes for a break in the US-China trade war.

Asian stocks rallied Friday on continued hopes for a break in the US-China trade war. Investors are staying positive ahead of highly anticipated trade negotiations between the United States and China in the coming weeks. The two countries have showed signs in recent days that they are interested in easing the tensions between them.

Asian stocks

  • Markets in mainland China and South Korea were closed for holidays.
  • Hong Kong’s Hang Seng (HSI) was up 0.3% at market open, gaining ground after posting losses Thursday.
  • Japan’s Nikkei (N225) jumped nearly 1%.
  • Markets in mainland China and South Korea were closed for holidays.
  • Australia’s S&P/ASX was about flat.

Currencies

  • The yen dipped 0.1% to 108.15 per dollar.
  • The offshore yuan added 0.3% to 7.0478 per dollar.
  • The Bloomberg Dollar Spot Index was little changed.
  • The euro bought $1.1069.

Bonds

  • The yield on 10-year Treasuries rose two basis points to 1.79%.
  • Australia’s 10-year yield added two basis points to 1.17%.
  • Japan’s 10-year yield rose about four basis points to -0.168%.

Commodities

  • Gold dipped 0.1% to $1,498.11 an ounce.
  • West Texas Intermediate crude slipped 0.2% to $54.96 a barrel.

Source

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