Asia Stocks Edge Up, Investors Cautious on US-China Trade Talks

Asian stocks edged up on Friday as investors kept a cautious watch on developments in U.S.-China trade negotiations, while the dollar was perched near a five-month peak against a basket of currencies thanks to the benchmark U.S. Treasury yield topping a seven-year high.

MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.05 percent higher. The index was headed for a 1 percent loss this week.

Japan’s Nikkei rose 0.2 percent, South Korea’s KOSPI was up 0.25 percent and Australian stocks edged up 0.05 percent.

Wall Street ended slightly lower on Thursday as investors grappled with U.S.-China trade tensions after U.S. President Donald Trump said that China “has become very spoiled on trade”.

Source : Reuters

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Asia Stocks Climb Amid Solid U.S. Economic Data, Tencent Results

Asian stocks rose after Chinese tech giant Tencent Holdings Ltd. reported strong profit growth and solid U.S. economic data gave investors some reprieve amid ongoing U.S.-China trade talks in Washington.

The MSCI Asia Pacific Index rose 0.3 percent to 175.16 as of 10:36 a.m. in Hong Kong, brushing past rising U.S. 10-year Treasury yields. Japan’s Topix Indexgained as the yen held recent losses against the U.S. dollar. Tencent gave the regional benchmark gauge a boost after climbing as much as 7.1 percent. The company reported record quarterly profit and analysts said its gaming revenue may slide in the short term as it works at monetizing products but the companyA?a��a�?s long-term outlook remains solid.

Source : Bloomberg

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Asia Stocks Erase Losses as Europe Opens Higher, Yields Retreat

Asian stocks were little changed, recovering from an earlier drop, as European peers opened higher and U.S. Treasury yields retreated from a spike a day earlier.

The MSCI Asia Pacific Index fell less than 0.1 percent to 174.53 as of 4:50 p.m. in Hong Kong, after earlier dropping as much as 0.3 percent. Hong KongA?ai??i??ai???s Heng Seng Index also erased most of its losses to close 0.1 percent lower, buoyed by gains in Apple Inc.A?ai??i??ai???s suppliers.

Taiex +0.2%, Kospi index +0.1%, Kospi 200 index +0.3%, S&P/ASX 200 +0.2%, New ZealandA?ai??i??ai???s S&P/NZX 50 -1.8%.

IndiaA?ai??i??ai???s S&P BSE Sensex Index -0.3%, NSE Nifty 50 Index -0.5%.

Straits Times Index -0.1%, MalaysiaA?ai??i??ai???s KLCI +0.5%, Philippines Stock Exchange PSEi Index -0.2%, Jakarta Composite -0.1%, ThailandA?ai??i??ai???s SET Index -0.6%, VietnamA?ai??i??ai???s VN Index -1.8%.

Source: Bloomberg

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