Optimism Over the Trade War Helps Asian Stocks Rebound - Forex News by FX Leaders

Optimism Over the Trade War Helps Asian Stocks Rebound

Posted Wednesday, May 15, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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