Asia stocks bounce from three-and-a-half month lows as trade fears soften
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.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blending Asia and America helped these Asian American chefs create something newMany migrants brought their cuisine with them to the U.S., paving the way for a robust culinary scene that occasionally fuses both continents.
Read more »
5 things to know for May 8: Iran, Colorado school shooting, Trump's taxes, Oregon teachers, Asia Bibi5 things for Wednesday: - Iran - Colorado school shooting - Trump's taxes - Oregon teachers - Asia Bibi
Read more »
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...
Read more »
Dollar firm, Aussie pressured before Chinese, European dataThe dollar was firmer in early Asian trade on Wednesday while the Australian dol...
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...
Read more »
Asian shares fall to three-and-a-half month low as trade war escalatesFresh U.S.-China tariff war volleys pressured Asian shares on Tuesday, but comme...
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...
Read more »
U.S. stock futures slip after tariff hike, Asia shares eke out gainsU.S. stock futures fell and Asian shares held onto earlier-pared gains on Friday...
Read more »
Stock futures slip in Asia amid trade standoffStock futures turned red in Asia early on Monday as a standoff in Sino-U.S. trad...
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...
Read more »
Shares sink as U.S.-China trade talks go to the wireWorld shares tumbled for a fourth day running on Thursday after a warning from U...
Read more »