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Home / Business / Asian stocks are moving higher due to US-China trading hopes – the Asian market last

Asian stocks are moving higher due to US-China trading hopes – the Asian market last



Japan Nikkei ( N225 ) increased by 0.5% while South Korea Kospi ( KOSPI ) [19459003previous02%andChinas Shanghai Composite Index ( SHCOMP ) was about flat but positive.
Hong Kong's Hang Seng Index ( HSI ) The only major index in the region that ended its low on Thursday rose 0.2% The world rebounded Thursday, for the most part, after the United States and China agreed to meet again soon to continue the trade talks. The news sparked optimism that both sides could work to break the deadlock in the negotiations.

"The buzzing of the apparent de-escalation of US-China trade tensions is still the only show in the city," said Jeffrey Halley, senior market analyst for Oanda in the Asia-Pacific region, in a research report.

US stock futures were also all positive during the Asian hours on Friday.

Meanwhile, Fitch downgraded Hong Kong's rating from "AA +" to "AA." The rating agency cited ongoing protests in the city that would undermine its creditworthiness. She noted that Hong Kong is already facing other headwinds, including the US-China trade war.

Nevertheless, the agency predicted that Hong Kong's "substantial financial resources" would be available "The buffers" will remain intact, for example, authorities say they could retain the Hong Kong dollar's link to the US dollar.

Investors will be looking for the US job report later this Friday, and US Federal Reserve Chairman Jerome Powell is expected to do so in Switzerland to talk about economics and monetary policy.
Separately, the Chinese technology company gave Alibaba Group ( BABA ) announced that it will purchase NetEase ( NTES ) Kaola for $ 2 billion: By acquisition In addition, Alibaba will take a minority stake in NetEase Cloud Music.


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