Shanghai — Asian stocks jumped on Friday, propelled by a record S&P 500 finish and White House comments suggesting Washington and Beijing were close to striking a trade deal, reviving hopes the tariff war may near an end.
“Markets want to believe that there will be some sort of resolution to this issue, some sort of lasting truce at least, even though the experience of the last 18 months doesn't give a lot of cause for comfort,” he said. The policy-sensitive two-year yield rose to 1.6117% from 1.593% on Thursday after US. Federal Reserve Chair Jerome Powell said the risk of the US economy facing a dramatic bust is remote.
China has also ended a nearly five-year ban on imports of US poultry meat, which the US trade representative said would lead to more than $1bn in annual shipments to China.
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