Asia stocks mostly higher amid improving investor sentiment following US gains

Asia stocks mostly gained Friday amid improved investor sentiment following overnight gains on Wall Street. The mainland Chinese markets, watched in relation to the ongoing trade war between Beijing and Washington, were higher on the day. The moves followed after officials from Washington and Beijing met for trade talks earlier this week — details about the progress were sparse. U.S. and China have halted an ongoing trade war to try and resolve sticking issues on a number of areas. “There are so


Asia stocks mostly gained Friday amid improved investor sentiment following overnight gains on Wall Street. The mainland Chinese markets, watched in relation to the ongoing trade war between Beijing and Washington, were higher on the day. The moves followed after officials from Washington and Beijing met for trade talks earlier this week — details about the progress were sparse. U.S. and China have halted an ongoing trade war to try and resolve sticking issues on a number of areas. “There are so
Asia stocks mostly higher amid improving investor sentiment following US gains Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: eustance huang
Keywords: news, cnbc, companies, trade, gained, investor, trump, higher, beijing, amid, improving, think, sentiment, needs, gains, asia, war, stocks, following, washington, deal, win


Asia stocks mostly higher amid improving investor sentiment following US gains

Asia stocks mostly gained Friday amid improved investor sentiment following overnight gains on Wall Street.

The mainland Chinese markets, watched in relation to the ongoing trade war between Beijing and Washington, were higher on the day. The Shanghai composite was up about 0.74 percent to close around 2,553.83 while the Shenzhen composite gained 0.758 percent to about 1,313.36. The Shenzhen component also rose 0.611 percent to close around 7,474.01.

Meanwhile, Hong Kong’s Hang Seng index gained about 0.5 percent, as of its final hour of trade.

The moves followed after officials from Washington and Beijing met for trade talks earlier this week — details about the progress were sparse. U.S. and China have halted an ongoing trade war to try and resolve sticking issues on a number of areas. Analysts who spoke to CNBC on Friday were divided whether a deal between the two economic powerhouses would be forthcoming.

“I think (U.S. President Donald) Trump wants to have a win and (Chinese leader) Xi Jinping desperately needs to have a win. So, I think they’re gonna come to some agreement … probably in the first quarter,” Andrew Collier, managing director at Orient Capital Research, told CNBC’s “Street Signs” on Friday.

Collier said, however, trade frictions between Washington and Beijing are unlikely to end as “China clearly … is a threat to the United States and plus it has done many things that many countries disagree with.”

Others did not agree.

“There are some that would argue that the Trump administration needs a deal, given that they’re walking into an election cycle in 2020 … I would respectfully disagree,” James Sullivan, head of equity research ex-Japan at J.P. Morgan, said. “What the Trump administration needs to do is incite his base. A deal, by definition, means compromise. Compromise doesn’t incite.”


Company: cnbc, Activity: cnbc, Date: 2019-01-11  Authors: eustance huang
Keywords: news, cnbc, companies, trade, gained, investor, trump, higher, beijing, amid, improving, think, sentiment, needs, gains, asia, war, stocks, following, washington, deal, win


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