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Home / Business / Asian stocks continue as the United States, China resumes trade negotiations

Asian stocks continue as the United States, China resumes trade negotiations



Asian markets were largely higher on Friday when US and Chinese officials kicked off a new negotiation interview in Beijing.

Shanghai Composite Index

SHCOMP, + 3.20%

added 0.6% and Hong Kong's Hang Bed

+ 0.96%

jumped 1.7%. South Korea's Kospi

SEU, + 0.59%

was 0.3%.

Japanese reference Nikkei 225

NIK, + 0.82%

increased 1%. The country's retail sales fell slightly in February from a month earlier, preliminary data showed. However, industrial production increased by 1.4% compared to the January decline of 3.4%. Unemployment hits market expectations, falling to 2.3% in February from 2.5% last month.

Australias S & P / ASX 200

XJO, + 0.07%

was up 0.2%. Stocks rose in Taiwan

Y9999, + 0.99%

and Singapore

STI, + 0.40%

but fell in Indonesia

JAKIDX, + 0.56%

.

Among some shares, SoftBank

9984, + 1.90%

and Rakuten

4755, + 1.95%

obtained in Tokyo trade, and China Life insurance

2628, + 3.69%

and CNOOC

0883, + 2.65%

advanced in Hong Kong. Samsung

005930, -0.45%

slipped in Korea while BHP

BHP, + 0.65%

and Rio Tinto

+ 1.56%

rose in Australia.

U.S. dealers led by trade representative Robert Lighthizer and State Secretary Steven Mnuchin attended a working dinner on Thursday evening with Chinese vice president Liu He, who is expected to travel to Washington next week.

The three of them represented a picture of a state guest house before negotiations resumed Friday, but did not speak to reporters.

"The investor islands will be bonded to news feeds in search of more details – rumor or truth – coming from the conversations. This can cause a sudden intra-day volatility across the markets," said Jingyi Pan of IG in a market comment. ] News of the talks was largely read by the markets, and in a speech in Washington on Thursday, White House financial adviser Larry Kudlow said the US administration was prepared to continue trade negotiations with China for weeks or months. a sign of commitment to reaching an agreement.

On Wall Street, traders drew a daunting announcement from the Commerce Department, saying US growth growth had weakened sharply over the past three months of 2018 to an annual interest rate of just 2 , 2% due to weakness in consumer spending, business investment, public spending and housing.

Most of the indices were higher, as bonds sutures rose and finance, technology and industrial stocks climbed. The broad S & P 500 index

SPX, + 0.36%

was 0.4% higher at 2,815.44. Dow Jones Industrial Average

+ 0.36%

also became 0.4% to 25.717.46. Nasdaq composite

COMP, + 0.34%

rose 0.3% to 7,669.17.

Benchmark U.S. Pat. crude

CLK9, + 0.78%

gave 35 cents to $ 59.65 per barrel in electronic commerce on the New York Mercantile Exchange. It lost 11 cents to settle at $ 59.30 a barrel on Thursday. Burned crude oil

LCOK9, + 0.32%

used to price international oils, growing up 37 cents to $ 67.47 per barrel. The contract shed 14 cents to $ 67.10 a barrel in London.

dollar

USDJPY, + 0.13%, strengthened to 110.78 yen from 110.63 yen.

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