Asian shares rally on hopes for China-U.S. trade breakthrough - News Summed Up

Asian shares rally on hopes for China-U.S. trade breakthrough


KEEPING SCORE: Germany’s DAX added 1.3 per cent to 10,944.12 while the CAC 40 in France climbed 1.4 per cent to 4,837.95. The Shanghai Composite index surged 1.0 per cent to 2,544.34 while South Korea’s Kospi advanced 2.0 per cent to 2,064.71. CHINA-U.S. TRADE: The Chinese Foreign Ministry said trade talks with the U.S. in Beijing had ended after three days of discussions. Meanwhile, “currencies are holding firm riding the wave sentiment from the positive buzz in U.S.-China trade talks.” ENERGY: Oil prices also continued to rally. It has risen for eight of the past nine days and gained 2.6 per cent to $49.78 per barrel on Tuesday.


Source: thestar January 09, 2019 13:52 UTC



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