Asian stocks rebounded Friday on hopes U.S.-Chinese talks next month might produce progress toward ending a costly tariff war over trade and technology. The Chinese comment was a “temporary relief for markets,” said Jingyi Pan of IG in a report. However, Pan cautioned it was in.
Asian stocks rebounded Friday on hopes U.S.-Chinese talks next month might produce progress toward ending a costly tariff war over trade and technology. The Shanghai Composite Index gained 0.6% to 2,908.50 and Tokyo’s Nikkei 225 rose 1% to 20,673.25. On Wall Street, stocks finished.
The rebound came as China's yuan jumped Tuesday, recouping some of its previous declines. Monday's market turmoil began when the Chinese government let the yuan fall below its 7-to-1 ratio with the US dollar for the first time in a decade. The People's Bank of China still fixed the.
Major Asian stock markets recovered from earlier lows to close higher on Thursday as investors watched for developments on the U.S.-China.
BEIJING (AP) — Asian stock markets are mixed Thursday following Wall Street's rebound as investors looked ahead to a speech by the U.S.