Business
Asian stocks are steadily rising in US-China hopes – the Asian market last
Japan's Nikkei ( N225 ) increased 0.7%, while China's Shanghai Composite Index ( SHCOMP ) and South Korea's Kospi ( KOSPI ) each advanced 0.2%.
Hong Kong's Hang Seng Index ( HSI ) the only major index in the region that ended Thursday, up 0.9%.
Stocks around the world largely met on Thursday after the US and China agreed to meet soon to resume trade talks. That news sparked optimism that the two sides could work to break the plague in the negotiations.
"The buzz from the apparent escalation of US-China trade tensions continues to be the only show in town," wrote Jeffrey Halley, senior market analyst in Asia Pacific for Oanda, in a research note.
The American stock futures were also all positive in the Asian era on Friday.
Investors will follow later on Friday for the US labor reports. And Federal Reserve chairman Jerome Powell is expected to talk in Switzerland about the economy and monetary policy.
Separately, Chinese Technology Company Alibaba Group ( BABA announced on Thursday that it will buy NetEase ( NTES ) # 1[ads1]9459006 $ 39 billion in Kaola, the acquisition of the e-commerce platform will make Alibaba even more dominant in online shopping.
In addition, Alibaba will take a minority stake in NetEase Cloud Music.
