Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Asian shares advance as Shanghai rebounds from early losses Tuesday, 16 April 2019
TOKYO (AP) — Shares advanced in Asia on Tuesday, led by a rally in Chinese shares. Upbeat talk from the White House on trade negotiations with Beijing and reassuring comments from the People's Bank of China appeared to help brighten sentiment.

The Nikkei 225 index added 0.2% to 22,221.11. The Shanghai Composite index jumped 1.4% to 3,223.57 and the Hang Seng index in Hong Kong surged 0.7% to 30,008.17. South Korea's Kospi gained 0.2% to 2,246.36 and the S&P/ASX 200 in Australia gained 0.4% to 6,273.90.

Optimism over prospects for resolving trade conflicts between the U.S. and China has grown.

Larry Kudlow, director of the president's National Economic Council, told reporters negotiations over complaints that China has predatory technology policies were going "very well" and making good progress.

"We're not quite there yet. We've still got some open issues. Currency reforms look very good, for example, there's been progress on enforcement. Just pretty much across the board," he said. "I think the key here is steady conversations, steady conversations since they were here," Kudlow said, referring to the latest round of talks, which were held in Washington earlier this month.

Meanwhile China's central bank, The People's Bank of China, said it was adjusting its monetary policy to coordinate with government spending.

"Market moves have become more muted ahead of the Easter holidays, while liquidity is also expected to be poorer," Mizuho Bank said in a commentary. "PBOC stated that some positive changes are seen in structural adjustments of the economy in the first quarter, but uncertainties remain," it said.

Overnight on Wall Street, the S&P 500 index edged lower, weighed down by bank shares after Goldman Sachs said it's off to a "muted start to the year,"...

You Might Like

Recent related videos from verified sources

Asian Shares Approach 8 Month High [Video]Asian Shares Approach 8 Month High

SYDNEY (Reuters) - Asian shares held near an eight-month peak on Thursday as investors awaited developments on Sino-U.S. trade talks, with both sides appearing closer to signing a deal and improved..

Credit: Wochit     Duration: 00:39Published

Recent related news from verified sources

Asian shares see moderate losses after meltdown on Wall St

BANGKOK (AP) — Shares opened moderately lower in Asia on Tuesday after a dismal day on Wall Street as investors fled uncertainty over the China-U.S. trade...
Seattle Times Also reported by •SeattlePI.comWorldNewsReutersNewsday

Other recent news in Business

War of Will wins the PREAKNESS STAKESAUSTRALIA Street: Liberals predicted to retain seat of Banks
ONE NATION’s support surged across the country – was it all thanks to Labor?Australian PM SCOTT MORRISON wins surprise re-election
Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.