The Asian market ended mixed on Monday as hopes for a trade agreement mingled with concerns about global growth.
The Shanghai Composite Index
closed 0.3%. Nikkei 225 index in Japan
NIK, + 1.37%
jumped 1.4% and the Kospi in South Korea
SEU, + 0.42%
Hong Kong's Hang Seng
increased 1.1% to 30,245.00, while the Australian S & P ASX 200
XJO, + 0.00%
lost 0.1%. Shares rose in Taiwan.
On Saturday, US Treasury Secretary Steven Mnuchin told reporters that the US and China were approaching a trade agreement.
On the sidelines of the International Monetary Fund and World Bank Spring Conference, Mnuchin said the US and China had made phone calls last week and were unsure if further personal meetings would be required. He did not set a timeline for the end of the negotiations, but his comments raised hopes that a far-reaching dispute between the two largest economies in the world might soon be suspended.
Reuters reported on Sunday that the US was doing so The weakening demands that China reduce industrial subsidies as a precondition for a trade deal after encountering strong resistance in China. On Saturday, US Treasury Secretary Steve Mnuchin said the US was open to the effects if trading conditions were not met, Bloomberg News said, saying the talks would "get closer to the final round of final questions".  "The US and China have actively awakened the hope that a trade agreement is within reach. Combined with better-than-expected Chinese data in March, the Shanghai Composite Index has reached its highest level since March 2018, "commented DBS Group research strategists Philip Wee and Joanne Goh in a commentary.
Under the individual stocks of the SoftBank Group
9984, + 3.05%
jumped in Tokyo in commerce and at Nintendo
7974, + 1.87%
and the oil producer Inpex
1605, + 2.62%
also increased. In Hong Kong, real estate companies are landing like China Resources Land
and Country Garden
2007, + 0.61%
rose. Asiana Airlines
020560, + 30.00%
rose in South Korea after reports that its parent company had agreed to sell a stake in the airline. Beach-energy
BPT, + 1.90%
and oil search
OSH, + 1.13%
advanced in Australia.
Last week, China reported that its March exports had risen 14.2% yoy. This was a turnaround from a 20.8% decline in February, signaling stronger global demand. Sales in the US market accelerated despite duties imposed by President Donald Trump on Chinese goods valued at $ 250 billion, up to 25%.
Meeting of representatives of the International Monetary Fund in Washington DC warned a common warning about global economic growth, after the chief economist of the IMF had left a poor assessment on April 10 S & P 500 Index
SPX, + 0.66%
for the third time in a row weekly. It was 0.790% higher at 2,907.41.
The Dow Jones Industrial Average
DJIA, + 1.03%
rebounded 1% to 26,412.30 and the Nasdaq alliance
COMP, + 0.46%
rose 0.5% to 7,984.16.
Benchmark US crude oil
fell 33 cents to $ 63.56 a barrel in electronic trading on the New York Mercantile Exchange. The contract won 31 cents and closed at $ 63.89 on Friday. Brent crude oil
used to sell international oils, lost 21 cents in London to $ 71.34 a barrel. In the previous session, he raised 72 cents to $ 71.55.
weakened from 112.01 yen to 111.94 yen late on Friday.
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