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Chinese shares jump as trade optimism rises after Trump remarks

2019-08-16 06:43 am | Resource: News | No Views : 23

Chinese shares jump as trade optimism rises after Trump remarks

Chinese shares posted strong gains on Friday amid fresh trade optimism after US President Donald Trump expressed confidence that Beijing wanted a trade deal with the United States and was unlikely to impose countermeasures if Washington imposed an additional tariff in September despite a warning. Chinese Ministry of Finance revenge.

Meanwhile, the Chinese Foreign Ministry said it hoped the United States would "meet them halfway" on trade and implement the consensus reached at the G20 meeting in Osaka.

Trump: September talks with China still going on

US President Donald Trump said trade talks with China, scheduled for September, were "still going on," adding that China "very much" wants an agreement. Trump said he was "very concerned" about the situation in Hong Kong and called on China to solve the "problem" humanely and quickly.

Trump also said the United States would conclude a "big" trade deal with the UK due after Britain's exit from the EU in October, adding that the deal was "going fast."

Asian shares trading
  • The Shanghai index rose 0.65% at 7:38 am CET
  • The Shenzhen Composite Index rose 1.19% at 7:24 am CET.
  • Hong Kong's Hatsung Index rose 0.77% at 7:30 am CET after China's Special Administrative Region announced a $ 2.44 billion stimulus package.
  • The Nikkei 225 rose 0.11% at 7:40 am CET.
  • On the other hand, South Korea's Kospi fell 0.73% at 7:19 am CET
  • In Australia, the S & P / ASX 200 Index traded at 7:38 am CET.

The greenback was steady against the yen, versus 106.1595 at 7:38 am CET.

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