trump: Hong Kong's Hang Seng Index surged more than 4% while China's Shanghai Composite and Japan's Nikkei both jumped about 2.5%. The positive momentum started after US President Donald Trump on Thursday talked up the prospects of a deal on trade with Beijing after speaking with Chinese leader Xi Jinping by phone, according to CNN. Trump said on Twitter that talks were moving along nicely. The biggest rises were in Asia. Why investors are wrong about the trade war with China Asian markets then added to their gains after Bloomberg News reported that Trump has asked US cabinet officials to draft a possible trade deal with China ahead of a planned meeting with Xi at the G20 leaders summit in Buenos Aires later this month. Read More I hope teams from both sides can implement the agreements achieved by the two countries' leaders, the spokesperson said. A spokesperson for China's Ministry of Foreign Affairs confirmed on Friday that Trump and Xi had made progress during a deep discussion.
(news.financializer.com). As
reported in the news.
Tagged under trump, beijing topics.