Asia Stocks Snap 10-Day Decline as U.S. Eyes China Trade Talks

Asian shares rose, with a regional benchmark poised to snap its longest losing streak in 16 years, on a report that the U.S. has asked China to resume trade talks.

The MSCI Asia Pacific Index rose 0.9 percent to 160.26 as of 4:28 p.m. in Hong Kong, as telecommunications and energy stocks led gains. The U.S. proposed to hold another round of trade negotiations with Beijing, just days after President Donald Trump threatened to slap tariffs on nearly all goods from China. Most markets in Asia climbed with Hong Kong’s Hang Seng Index and Japan’s Topix index pacing the rebound. Thailand’s SET Index climbed 2.1 percent as sentiment was boosted by progress in laws needed to hold a national election. India is closed for a holiday.

Source : Bloomberg

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Asia Shares Relieved by Trade Lull, Sterling Up on Brexit Deal Hopes

Asian shares were struggling to snap an eight-session losing streak on Tuesday as investors decided no news was good news on tariffs, while the pound touched a five-week top on hints a Brexit deal might be nearer.

MSCI’s broadest index of Asia-Pacific shares outside Japan wavered either side of flat having hit its lowest since July last year on Monday.

Japan’s Nikkei fared better on the back of a softer yen and climbed 0.6 percent.

Having warned last week that he was ready to levy additional taxes on practically all Chinese imports, U.S. President Donald Trump was uncharacteristically quiet on trade on Monday.

Source : Reuters

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Asia Stocks Post Longest Losing Streak This Year Amid Trade Woes

Asian equities fell for an eighth day, its longest losing streak since December, after President Donald Trump said he’s ready to escalate the trade war with China.

The MSCI Asia Pacific Index fell 0.5 percent to 159.32 as of 4:19 p.m. Hong Kong time, heading for a 4.3 percent loss in eight days. Trump said he’s ready to impose tariffs on an additional $ 267 billion worth of Chinese goods on short notice, on top of a proposed $ 200 billion his administration is planning. Separately, an August jobs report showed a healthy U.S. labor market indicating signs of wage inflation that could clear the way for two more rate hikes this year.

Source : Bloomberg

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