As the 13th trade war negotiation is getting closer, Tuesday stocks in Asia were mixed. That said, Asia markets edged higher.
The escalation majorly occurred in indexes in Japan, South Korea, Hong Kong, and China. South Korea’s KOSPI gained 1.21% as Samsung index was also up 2.41%.
Elsewhere, in Japan, the indexes were also up. Japanese Nikkei 225 acquired 0.99%. Meanwhile, Topix index gained 0.87%.
Despite having a rough week during the protests, Hong Kong’s Hang Seng reopened after a week off. Earlier, Hang Seng added 0.51%.
China, which was not open for a whole week due to national day holiday, has also returned. The Shanghai composite acquired 0.29% and Shenzhen composite added 0.21%. Meanwhile, Shenzhen component index gained 0.3%.
Apart from all the escalation, the foregoing might drastically change the condition of Asia markets following the upcoming chief event.
Also Read: Is US-China Trade War Trump’s Playground?
US-China Trade War Talks
With China being back on business, China and the US are ready to discuss the future of the trade war. Accordingly, the upcoming negotiation will be the 13th since the very beginning of the trade war.
The future talks, which will happen in two days from today, will surely determine the continuation of the war. Many expect the advantageous, prospective benefits from the talks chiefly for all parties.
“Investors are very focused on the US-China trade talks and ongoing Brexit discussions in what is generally a quiet week for data. The market continues to debate the degree of easing required from the Fed following the recent fall in unemployment but weakening activity indicators,” said Rahul Khare from ANZ Research.
With this in mind, the recent updates do not indicate any good standing for the upcoming talks. On Monday, US Commerce Department enlisted 28 Chinese firms and public security bureaus to its Entity List.
Accordingly, Entity List is a blacklist that would not permit the Chinese firms and bureaus to conduct trades with US companies.