Tuesday 27 August 2019

Asian Stocks Tracked Global Peers Higher While Safe-Haven Bonds Sold

Asian stocks tracked global peers higher while safe-haven bonds sold off as signs Sino-US trade hostilities might be easing helped restore investor confidence after the previous session’s rout.

Supporting the market mood, US President Donald Trump on Monday flagged the possibility of a trade deal with China and said he believe Beijing was sincere in its desire to reach an agreement. 

Global markets had been roiled at the start of the week by new tariffs from the world’s two largest economies. Japan's Nikkei and China's Shanghai Composite gained more than 1 percent.

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