Optimism Over the Trade War Helps Asian Stocks Rebound
The Shanghai Composite Index ended the Asian session up 1.4% despite weaker than expected industrial production data
Today was a better day for Asian stock markets as the US-China trade tensions eased a bit on the hopes of continuation of talks. Markets are also hoping that the Chinese government steps in and rolls out more stimulus measures to support the economy.
As a result, Chinese equities recuperated some of their losses from the past couple of days today. The Shanghai Composite Index ended the Asian session up 1.4% despite weaker than expected industrial production data released from China today.
Even though both US and China have announced a new round of tariffs on each other, Trump expressed optimism that the dialogue with China is expected to continue and progress well.
Wall Street too took this news well and bounced back as markets hope that a trade deal between the two world leaders could be realized soon.
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