Asian markets advanced Monday after a couple of economic reports showed some signs of promise for China's manufacturing sector.
But while the week started on a positive note, worries about trade were revived by China's Global Times newspaper saying Beijing wanted all U.S. tariffs rolled back as part of a mini deal, a move observers said Washington is unlikely to agree to.
Tokyo ended up one percent at a 14-month high, Taipei and Mumbai added 0.1 percent and Manila rallied more than one percent with Jakarta also rising.
Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.46% while Japan's Nikkei index was up 1.08%.
MSCI All Country World index, which tracks shares in 49 nations, had been up 0.08% at 548.88, only 0.3% away from an all-time peak hit in January 2018 before the beginning of U.S.
So far this year, the Shanghai stock index has gained 15.16%, while China's H-share index has risen 1.7%. "The survey seems to suggest domestic demand is pretty strong even if one can not have unrestrained optimism on the economic outlook", said Naoki Tashiro, president of T.S. China Research. -China trade negotiations, investors are nonetheless holding the broad view that a further escalation in the trade war can be avoided.
China's Foreign Ministry said on Monday it has suspended the review of requests by USA military ships and aircraft to visit Hong Kong in response to legislation passed by US lawmakers in support of protesters in the China-ruled territory.Читайте также: Ballon d’Or : Rapinoe grande favorite, Messi face aux stars de Liverpool
"It looks a bit hard for two countries' leaders to shake hands and sign a deal this month". Shares in Australia, South Korea, and Hong Kong are also flashing green.
Investors have long thought that the United States will avoid imposing an additional 15% tariff on about $156 billion of Chinese products on December 15 after signing a deal with China. USA legislation on Hong Kong threatens to disrupt the negotiations.
While the economic data has been good, the news flow on the US-China trade front has been slightly negative.
In the currency market the yen weakened, helped also by expectations that Japan could put together a large-scale fiscal spending package to bolster its economy.
However, on the whole, traders are now betting that while the US legislation spoils the temper, ultimately, it remained in the interest of Washington as well as Beijing to move ahead with discussions to get a trade settlement.
The gains chipped away at some of the huge losses suffered Friday after reports said Russian Federation was looking to delay any further output reductions until April's gathering.
Iraq's oil minister said on Sunday that OPEC and allied producers will consider deepening their existing oil output cuts by about 400,000 barrels per day (bpd) to 1.6 million bpd. U.S. West Texas Intermediate crude gained 2.52 percent to $56.56 per barrel.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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