Hope that the US and China can make up cheers Asian markets
Equities rally as Donald Trump sounds upbeat about a trade deal with China, while sterling struggles
Sydney — Asian stock markets rallied on Wednesday as US President Donald Trump sounded upbeat about a trade deal with China, while sterling struggled with the risk of an imminent party coup against British Prime Minister Theresa May. In an interview with Reuters, Trump said talks were taking place with Beijing by phone and he would not raise tariffs on Chinese imports until he was sure about a deal. Trump also said he would intervene in the justice department’s case against a top executive at China’s Huawei if it would serve national security interests or help close a trade deal. A Canadian court on Tuesday granted bail to the executive in a move that could help placate Chinese officials angered by her arrest. The news was enough to prompt a bounce after days of losses, and MSCI’s broadest index of Asia-Pacific shares outside Japan advanced 1.2%. Japan’s Nikkei led the way with a jump of 2%, while Shanghai blue chips trailed with just 0.2%. E-mini futures for the S&P 500 added 0.5% ...
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