Optimism around China-US trade talks helps Asian shares pare losses
Global investors are on edge amid fears of a peak in corporate earnings growth, softening global demand and faster US rate hikes
Sydney —Asian shares pared losses on Tuesday as hopes for a de-escalation of the China-US tariff war drew support from reports that China’s top trade negotiator was preparing to visit the US ahead of a meeting between the two countries’ leaders. The South China Morning Post reported, citing sources from both sides, that Liu He may visit Washington as part of the preparations for the talks between US President Donald Trump and his Chinese counterpart Xi Jinping on the sidelines of the Group of 20 (G20) summit in Argentina in November. “This news is being perceived as a positive outcome,” said Rodrigo Catril, markets strategist at National Australia Bank. “So, we have seen a broad improvement in sentiment across markets. “This is good news but there is still some caution. We obviously need more detail on it. This should also be taken in the context of new retaliatory measures that the US is considering against China.” Earlier, the Wall Street Journal reported, citing sources, the Trum...
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