Stocks in Asia Join a Mountain Climbing Team after Trump Sets a Meeting with Xi in G20
Stocks in Asia all made a high jump after Trump tweeted that he and Xi will meet at G20 while their delegates will resume the talk ahead of the meeting.
In the morning session on June 19, 2019, Asian stock markets have made a high jump after a very promising news overnight officially reporting from the U.S. President Donald Trump’s twitter that he and the Chinese President Xi Jinping will have an extended talk in the G20 summit on June 28-29 in Osaka, Japan.
In his tweet, Trump also mentioned that both U.S. and Chinese delegates will resume the talk ahead of their leaders’ meeting.
As of 8:40 local time in Thailand, Nikkei soared 1.69%, SSEC climbed 1.87%, HSI jumped 2.64%, ASX200 hiked 1.07% and KOSPI rose 1.05%. SET Index closed the market yesterday at 1,683.60 points, jumped 16.37 points or 0.98%.
Dow Jones closed yesterday at 26,465.54 points, rose 353.01 points or 1.35%, S&P 500 gained 0.97%, and Nasdaq added 1.39%.
Moreover, investors are looking forward to the announcement of the Fed to see a signal for future rate cuts. About 80% of traders expect the Fed to keep interest rates on hold in the 2.25% to 2.50% range on Wednesday while more than 85% expect a rate cut in July.
