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Asian shares rise after report in review to end the trade war between the US and China

Asian stock markets shook early doldrums Thursday after a report by US and Chinese negotiators outlined a plan to end the trade war. Tokyo Nikkei 225 index NIK, + 0.35% increased 0.3% despite a manufacturing activity declining to a three-year low, suggesting that Japanese economic growth is slowing. Shanghai Composite Index SHCOMP, + 1 .00% advanced 0.3% Sydneys S & P-ASX 200 XJO, + 0.70% added 0.7% while Hong Kong's Hang Bed HSI, + 0.74% received 0.5%. Seoul Kospi SEU + 0.14% was unchanged. New Zealand benchmarks NZ50GR, + 0.56% and Taiwan Y9999, + 0.33% advanced along with Southeast Asian markets. Among individual stocks, Rakuten 4755, + 4.75% and Honda 7267, + 2.34% advanced in Tokyo trade, and Hyundai Motor won in Seoul 005380, + 1.68% . Lenovo 0992, + 12.25% Sunny Optical 2382, + 4.83% and AAC 2018, + 4.73% increased in Hong Kong, while HSBC 0005, -1.44% glide. Bank stocks as ANZ Banking ANZ, + 1.83% and Commonwealth Bank + 2.01% rose in Australia. Investors seemed to be encouraged by a Reuters report that said the United States and China had outlined contractual principles in principle in six key areas, including cyber theft, intellectual property, and technology transfer. US stock exchanges futures jumped immediately after the report, with Dow futures YMH9, + 0.37% up more than 100 points. Earlier, an American broadcaster said a meeting in Beijing last week "made progress." President Donald Trump told reporters on Tuesday where the talks "are going well." Trump has suggested he…

Asian stock markets shook early doldrums Thursday after a report by US and Chinese negotiators outlined a plan to end the trade war.

Tokyo Nikkei 225 index

NIK, + 0.35%

increased 0.3% despite a manufacturing activity declining to a three-year low, suggesting that Japanese economic growth is slowing. Shanghai Composite Index

SHCOMP, + 1

.00%

advanced 0.3%

Sydneys S & P-ASX 200

XJO, + 0.70%

added 0.7% while Hong Kong’s Hang Bed

HSI, + 0.74%

received 0.5%. Seoul Kospi

SEU + 0.14%

was unchanged. New Zealand benchmarks

NZ50GR, + 0.56%

and Taiwan

Y9999, + 0.33%

advanced along with Southeast Asian markets.

Among individual stocks, Rakuten

4755, + 4.75%

and Honda

7267, + 2.34%

advanced in Tokyo trade, and Hyundai Motor won in Seoul

005380, + 1.68%

. Lenovo

0992, + 12.25%

Sunny Optical

2382, + 4.83%

and AAC

2018, + 4.73%

increased in Hong Kong, while HSBC

0005, -1.44%

glide. Bank stocks as ANZ Banking

ANZ, + 1.83%

and Commonwealth Bank

+ 2.01%

rose in Australia.

Investors seemed to be encouraged by a Reuters report that said the United States and China had outlined contractual principles in principle in six key areas, including cyber theft, intellectual property, and technology transfer. US stock exchanges futures jumped immediately after the report, with Dow futures

YMH9, + 0.37%

up more than 100 points.

Earlier, an American broadcaster said a meeting in Beijing last week “made progress.” President Donald Trump told reporters on Tuesday where the talks “are going well.” Trump has suggested he could postpone the $ 200 billion increase on goods but made no firm commitment.

The United States Federal Reserve insured investors by releasing protocols from its last meeting that says it will be patient with interest rate hikes due to financial uncertainty.

Lack of detail in the Fed report “leaves the region to wait for further developments in the US and China,” said Jingyi Pan of IG in a report. After the markets stepped on Trump’s positive comments, she said “you shouldn’t be surprised” to see more profits.

Reference standard Standard & Poor’s 500 index

SPX, [0.145%] + 0.18%

increased 0.2% to 2,784.70. Dow Jones Industrial Average

+ 0.24% [0.2659006] added 0.2% to 25.954.44. Nasdaq composite

+ 0.03%

rose 0.03% to 7,489.07.

In Japan, the preliminary reading fell on a monthly purchasing manager’s index to 48.5 on a 100-point scale from January 50.3. It was the second unusually large monthly downturn and PMI’s lowest level since October 2016. “Such big cases are rare and suggest that the economy quickly loses momentum,” says Marcel Thieliant, capital economy in a report.

Benchmark U.S. Pat. crude

CLH9, + 1.44%

lost 8 cents to $ 57.24 per barrel in electronic commerce on the New York Mercantile Exchange. The contract received 71 cents on Wednesday at $ 57.16. Brent

LCOJ9, + 0.16%

used to praise international oils, advanced 2 cents to $ 67.10 per barrel in London. It got 63 cents the previous session to $ 67.08.

Dollar

USDJPY, -0.09%

lined down to 110.82 yen from Wednesday’s 110.85 yen.

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