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Asian stocks rising with optimism about a decline in trade tensions

2019-07-23 06:57 am | Resource: News | No Views : 45

 Asian stocks rising with optimism about a decline in trade tensions

Investors were optimistic on Tuesday in the Asia-Pacific equities trading session, maintaining morale since the S & P 500 hit a record high on Wall Street. Risk appetite helped by pressure from US President Donald Trump on the Federal Reserve to cut interest rates significantly. Reports in the media referred to in the bilateral trade negotiations with China are about to continue as early as next week.

In addition, Trump reached an agreement with Democratic Party representatives on budget limits and ceilings, declaring that it was a compromise. The agreement takes the risk of default or government shutdown.

Huawei is working to provide the Internet to remote Canadian regions

Huawei announced. It has partnered with Ice Wireless and Iristel in Canada to bring 4G wireless internet to remote areas of the country. China's giant said it would cover rural communities in the Arctic,
northeastern Quebec, Newfoundland and Labrador by 2025. Relations between Canada and China have already been strained when the financial director of Huawei Meng and Wenzhou was arrested by the Canadian authorities last year. It is awaiting extradition to the United States, accusing it of violating sanctions against Iran.

South Korea launches warning shots while Russian aircraft violate airspace

South Korea's Joint Chiefs of Staff said on Tuesday that the country's air force had pursued fighter jets and fired warning shots after a Russian military aircraft violated its airspace. According to the statement, the Russian launcher flew into South Korean airspace for two periods of three minutes each. The accident occurred over the eastern sea near the Dokdo Islands in the far east of South Korea.

Asian stocks trading
  • The Nikkei 225 was looking to end 0.96% higher in Tokyo.
  • The Sang Hat index rose 0.33% in Hong Kong.
  • South Korea's Kospi rose 0.36%
  • The S & P / ASX 200 is up 0.5% for the day. In the most populous country.
  •  The Shanghai Composite Index was 0.32% in the green zone at 8:06 CET and the Shenzhen index rose 0.64%.
The dollar rose 0.23% to 108.121 yen at 8:20 am CET, helping Japanese exporters in the stock market, trading at 6.88311 yuan overseas.


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