Asian Stocks Set for a Jump after Trump and Xi Agree to Continue the Trade Talks
On July 1, 2019, major indices in Asia mostly rose after Donald Trump and Xi Jinping had agreed to get the trade talks back on track.
In the morning of July 1, 2019, major indices in Asia mostly rose after the U.S. President Donald Trump and the Chinese President Xi Jinping had agreed to get the trade talks back on track.
As of 8:50 local time in Thailand, Nikkei jumped 1.69%, SSEC soared 1.24%, ASX 200 rose 0.59%, KOSPI gained 0.06% while HSI skidded 0.28%.
SET closed on June 28, 2019, at 1730.34 points, decreased 1.30 points or 0.08% with a trading value of THB 61.33 billion.
The U.S. Indices Future also pointed into a positive direction. Dow Jones rose 0.74%, S&P 500 gained 0.81% and Nasdaq jumped 1.21%.
The next meeting between the U.S. and Chinese delegates has not been decided, but the fact the both countries have agreed to sit down and talk once again shows a good sign of compromising. Trump also paused the levy of Chinese import tariffs worth $300 billion and said that he would lift the ban on the Chinese tech giant, Huawei.
White House economic advisor Larry Kudlow told Fox News Sunday that the decision to let Huawei buy U.S. products is “not a general amnesty. ”