China Blue-Chips Gain on Trade Talk Plan; Shanghai Lower

China’s blue-chip index closed higher on Friday, following its peers in the region, on prospects of a new round of trade talks between China and the U.S., but mixed economic data weighed on the Shanghai Composite index.

The Shanghai Composite index ended down 0.2 percent at 2,681.64 points. The index is down 0.8 percent for the week, its third consecutive weekly fall. The blue-chip CSI300 index gained 0.2 percent to 3,242.09 points at close on Friday, but was down 1.1 percent for the week.

China’s growth looks set to cool further in coming months, with a barrage of August economic data doing little to dispel views that domestic demand is softening and government support measures will take some time to kick in.

Source : Reuters

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European Markets Open Higher Amid US-Sino Trade Talk Plans

European stocks opened higher Friday morning, after an unexpectedly sharp interest rate hike in crisis-hit Turkey supported the lira and global risk appetite.

The pan-European Stoxx 600 was up around 0.25 percent to 376.52 shortly after the opening bell, with almost all sectors and major bourses in positive territory.

Market focus is largely attuned to global trade developments, amid expectations the U.S. and China could soon launch a fresh round of trade talks. The news of another potential meeting between Washington and Beijing comes amid an escalating trade war between the world’s two largest economies.

Source : CNBC

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Hong Kong Stocks Surge On Trade Talk Hopes

Hong Kong stocks soared more than two percent Thursday after the US and China edged closer to restarting talks to avert their trade row.

The Hang Seng Index jumped 2.54 percent, or 669.45 points to 27,014.49.

And the benchmark Shanghai Composite Index rose 1.15 percent, or 30.47 points, to end at 2,686.58, while the Shenzhen Composite Index, which tracks stocks on China’s second exchange, climbed 0.71 percent, or 9.97 points, to 1,413.57.

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