Asia stock grind lower and waiting for trade talks
Publish Date : 2019/11/06 - 06:02

Asian stocks fell slightly on Wednesday. Investors are waiting for new news from the US-China trade talks.

The MSCI index fell about 0.11%.

Japan's Nikkei rose 0.2%.

Australian shares lost 0.09%.

Chinese shares also fell 0.08%.

Treasury yields in Asia and oil futures declined somewhat as China and the US negotiated a preliminary agreement.

The world's two biggest economies have announced that they have made every effort to reach a phase one agreement.

“The trade war is the biggest reason that global growth has weakened over the past 18 months. We would like to see tariffs scaled back. We’re still waiting for clearer signs of a resolution,” said Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors:

US futures also lost 0.11% in Asian trading on Wednesday. Investors hope the US-China trade agreement will lead to the elimination of tariffs imposed by the two countries on each other’s imports. It is still uncertain where and when the two presidents will meet to sign the agreement.

Source: Reuters

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