A Shanghai rally led gains across most Asian markets on Wednesday (Mar 6) as Chinese investors grow increasingly optimistic over trade talks with ...
HONG KONG: A Shanghai rally led gains across most Asian markets on Wednesday as Chinese investors grow increasingly optimistic over trade talks with the US.
The talk is that high-level negotiations are ongoing in order to pave the way for a signing ceremony between Donald Trump and Xi Jinping later this month. Still, after a slow start Shanghai closed 1.6 per cent higher to build on Tuesday's rally that came on the back of China's decision to slash taxes and ramp up spending, as leaders look to pep up the stuttering economy.Mainland Chinese markets are up more than 20 per cent this year thanks to trade hopes and following a series of monetary easing measures to kickstart economic growth, which hit its slowest pace in three decades in 2018.Hong Kong rose 0.3 per cent, while Sydney finished 0.
However, observers are optimistic an agreement can be reached and Britain will not leave the bloc without a deal.
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