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Asian stocks close higher with a wave of trade optimism

2019-02-11 07:23 am | Resource: NEWS | No Views : 193

 Markets in Asia rose mostly on Monday as Chinese stocks rose amid new hopes that the country would reach a trade deal with the United States. The White House confirmed that US Trade Representative Robert Laetzer and Treasury Secretary Stephen Manuchen will head to Beijing for a new round of trade negotiations later this week.

In addition, there have been reports that Washington plans to organize a meeting between President Donald Trump and his Chinese counterpart Xi Jinping in Mar-Lago in mid-March.

Trump consultants plan to meet Mar Lago with Shi

US President Donald Trump's advisers discussed the organization of a meeting between Trump and Chinese President Xi Jinping in the president's resort of Mar Lagua, Akios said. Florida officials said Florida was "likely" to be chosen for the meeting, but confirmed that nothing had been identified. But they added that Xi's visit could take place by mid-March.

Another official offered a more cautious view, noting that he had been considering other places and insisted that it was too early to say whether the meeting would be held and where. The United States and China held a number of trade talks this year in an attempt to negotiate a deal that would put an end to the mutual tariff. It is reported that Trump and Wuxi may meet while the US president in Vietnam to attend summit with North Korean leader Kim Jong-un, but Trump later confirmed that the meeting will not take place before March 1.

Australia and France in a strategic partnership worth $ 50 billion

In other news, Australia and France signed a strategic partnership worth 50 billion dollars on Monday, a French state-backed company will build 12 first-class submarines for the first time, according to various media reports.

The partnership - the largest ever peacetime investment in Australia - will involve the construction of 12 highly advanced and modern submarines that will be built by the French Naval Group, a state-backed consortium formerly known as the "Airbus". The project will be as important to the French company as it is to Australia, as it will be the largest foreign sales deal ever. The first submarine is expected to be completed by early 2030.

Asian stocks close
  • The Shanghai Composite Index rose 1.21% at 7:36 CET.
  • The Shenzhen Composite Index rose 2.5% at 7:22 am CET.
  • The Hang Seng Index in Hong Kong rose 0.72% at 7:38 am.
  • Korea's Kospi rose 0.13% at 7:19 am.
  • In Australia, the S & P / ASX 200 closed 0.18% lower in the red zone.
  • The Nikkei 225 was closed for the Japanese holiday.

The greenback was up 0.14% against the yen at 109.952 at 7:41 am.

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