TOKYO - Asian stocks rebounded from a 3-1/2-month low on Wednesday as a slight softening in rhetoric from U.S. President Donald Trump eased worries about the U.S.-China tariff war, and on expectations that Beijing could unveil more economic stimulus.
Shares in Asia were led by strong gains in Chinese equities, which rebounded after two days of losses. However, Trump on Tuesday said he had a “very good” dialogue with China and insisted talks between the world’s two largest economies had not collapsed. Wall Street shares were able to bounce overnight in wake of Trump’s comments. [.N]
“The latest data shows that the Chinese economy still needs stimulus. Its stock markets could sustain its recovery if the government indicates it will continue to keep supporting the economy,” Hirayama at SMBC Nikko Securities said.The Chinese yuan was a shade firmer at 6.9028 per dollar in offshore trade, having edged away from a five-month trough of 6.9200 set on Tuesday.
The dollar index against a basket of six major currencies was nearly flat at 97.524 after gaining 0.2% the previous day.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks wobble near three-and-a-half-month low as trade worries lingerAsian stocks struggled near a 3-1/2-month low on Wednesday on lingering concerns...
Source: Reuters - 🏆 2. / 97 Read more »
Asia stocks slip, bonds rally on fear China-U.S. trade deal could unravelAsian equities tracked Wall Street's slide on Wednesday, while investors sw...
Source: Reuters - 🏆 2. / 97 Read more »
Asian stocks, yuan fall as U.S.-China seen deadlocked in trade talksU.S. stock futures fell and Asian shares slipped on Monday on growing uncertaint... trade war is a lose lose game. This is part of the Art of the Deal that Trump forgot to write about. Managing High Finance and Trade are not in his skill set. He is a Flim-Flam artist and the Chinese are not stupid or Putin or Kim Jung-Un. Kim asked for $2 million for Otto Warmbier UP Front. Another Trump Lie? Any fall in yuan will soften the harm to Chinese exports to U.S! Then U.S will blame China for currency manipulation! What happened to free market ideology of American conservatives?
Source: Reuters - 🏆 2. / 97 Read more »
Asian stocks, yuan fall as Sino-U.S. trade talks deadlocked; investors await China retaliationU.S. stock futures and Asian shares fell on Monday on growing anxiety over wheth... Chinese stocks have been terrible lately وقال ترامب: 'تستمر المحادثات مع الصين بطريقة متجانسة للغاية - ليست هناك حاجة على الإطلاق للتسرع - حيث يتم دفع الرسوم الجمركية الآن إلى الولايات المتحدة من الصين بنسبة 25 ٪ على سلع ومنتجات.. The Chinese stock market collapses again !
Source: Reuters - 🏆 2. / 97 Read more »