Asian Markets Close Higher Reflecting Optimism Ahead Of U.S.-China Talks

As high-level and high-stakes U.S.-China trade talks get underway in Beijing this week, global markets are responding positively, with Asian stocks closing mostly higher on Monday.

The Shanghai Composite Index rose 1.36 percent to close at 2,653. Hong Kong’s Hang Seng gained 0.6 percent to 28,123. And Taiwan’s TSEC 50 Index grew 0.72 percent to 10,004. Australia’s ASX lost .12 percent to close at 6,128.

European markets were rallying early in the day, with France’s CAC 40 up more than 1 percent around mid-morning.

“Markets anticipate a trade deal is coming and the truce will be extended,” David Kotok Chairman and Chief Investment Officer of Cumberland Advisors, told NPR in an email. “All sides want a settlement so we believe it will be achieved.”

With the trade war on pause, Treasury Secretary Steven Mnuchin…

Original published: 2019-02-11 10:12:25 Read the full New York City News here

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