Asian shares rise on China-US trade talks
Washington has approached Beijing for a fresh round of talks, but gains were modest as many remained doubtful about how much would be achieved
Tokyo — Asian shares won a reprieve on Thursday, as news that the Trump administration has reached out to China for a new round of trade talks raised hopes a deal could be struck in the bitter tariff dispute between the world’s two biggest economies. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6%, a day after it hit 14-month lows. China’s A-shares shot up 1.2% on hopes for reduced trade tension, but the excitement did not last long, and the index’s gain was almost erased, leaving it up only 0.1%. Japan’s Nikkei gained 0.9%. On Wall Street, the S&P 500 was up 0.04% on Wednesday. Senior US officials, led by treasury secretary Steven Mnuchin, recently sent an invitation to their Chinese counterparts, including Vice-Premier Liu He, to hold another bilateral trade meeting. That development comes as more than 85 US industry groups launched a coalition on Wednesday to take public their fight against President Donald Trump’s trade tariffs. The tariffs have escalated fa...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.