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

Arslan Butt•Wednesday, May 15, 2019•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 See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.