Asian shares rise on hope for US-China talks, but Trump pessimism caps gains
Tokyo — Asian stocks rose on Tuesday, supported by hope that Beijing and Washington will dial back trade hostilities, though comments from US President Donald Trump about the yuan and Federal Reserve policy capped gains and weighed on the dollar.In an interview with Reuters on Monday, Trump said China was manipulating its currency to make up for having to pay tariffs imposed by Washington on some imports from China. This kept global trade conflict concerns alive and dented some of the market optimism ahead of upcoming US-China trade talks.He also said he believed the euro was being manipulated.MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.6%. Australian stocks lost 0.9%, South Korea’s Kospi gained 0.3% and Japan’s Nikkei fell 0.1%. Wall Street’s major indices rose on Monday on optimism over trade talks between the US and China, though they fell from session highs after Trump’s comments.The immediate focus was on the lower-level trade talks due to start this we...
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