Asian stocks rise on trade war hopes
Publish Date : 2019/09/12 - 05:47

Asian stocks touched their 6-week highs on Thursday. Some factors as hopes for finding a solution for US-China trade war and expectation that the European Central Bank will provide more easing policy for economy and rate cuts, affect stocks positively.

As the writing, MSCI’s broadcast index of Asia shares rose 0.4% and Japan’s Nikkei was up 0.88%. Australian shares rose 0.56%.

Chinese shares went up and yuan hit its 3-week high after President Donald Trump agreed to delay increase in tariffs on Chinese imports at the request of Liu He.

U.S stock futures ESc1 jumped 0.42% and safe-havens such as yen. U.S Treasuries and gold weakened.

Oil prices rose in shade of hopes OPEC will cut output.

Any signs that show progress in trade talks will help stocks on September after a tumultuous August.


Source: Reuters

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