Connect with us

Hi, what are you looking for?

Stocks

Asian Shares Up Amid Trade Deal Expectations

Shares in Asia have reached a 19-month high amid high hopes of a recovery from the US-China trade war.

The widest index of Asia-Pacific shares outside of Japan is the MSCI. The MSCI index was up 0.47% on Monday morning as the week holding the expected signing of Phase 1 of a new trade agreement began. Hong Kong’s Hang Seng was up 0.74% while South Korea’s Kospi climbed 0.73%. Taiwanese shares were up 0.6% at the opening of the week as well, following the landslide reelection victory of President Tsai Ing-Wen.

While most of Asia’s shares are up, mainland Chinese indexes are not climbing quite as fast. The major Chinese equity indexes are up for the sixth week in a row, which marks the longest growth streak since Q1 of 2019. The Shanghai Composite Index was up just 0.06% on Monday morning. However, Chinese investors are looking ahead to data expected to come out later this week. The most important news on shares is expected for when the Phase 1 deal is signed on Wednesday.

The Nikkei, which was closed for holiday, has opened fully recovered from the hit it took when Iran launched a dozen missiles at US military targets in Iraq. European stocks have followed the Asian trend as the Euro climbed Monday morning.

You May Also Like

News

In the past year, Peloton, manufacturers of stationary exercise bicycles and treadmills, has been experiencing some severe financial difficulties. The company went through a...

News

While the ongoing supply chain problems affecting the global economy have had the expected effects, they’ve also had some decidedly unexpected effects. Specifically, many...

News

As gas prices continue to rise and consumer confidence drops, not to mention the ongoing war in Ukraine, the European economy is taking a...

News

As the environmental need for electric vehicles becomes more pressing, and the car-buying public becomes more eager for them, automotive manufacturers are getting ready...

News

This morning, Coinbase CEO Brian Armstrong sent a mass email out to his company informing everyone that, as stock and crypto prices slip and...

News

As Russia’s invasion of Ukraine continues, many global businesses have pulled their dealings out of Russian territories due to a mix of sanctions and...

News

In the last few weeks, fears have begun to surface of another potential recession striking the United States economy. Economists have been working to...

News

It’s no secret that the highs of the COVID-19 pandemic cost movie theater chain AMC an unprecedented amount of money. As people isolated at...