Asian shares rose, with a regional benchmark poised to snap its longest losing streak in 16 years, on a report that the U.S. has asked China to resume trade talks.
The MSCI Asia Pacific Index rose 0.9 percent to 160.26 as of 4:28 p.m. in Hong Kong, as telecommunications and energy stocks led gains. The U.S. proposed to hold another round of trade negotiations with Beijing, just days after President Donald Trump threatened to slap tariffs on nearly all goods from China. Most markets in Asia climbed with Hong Kong’s Hang Seng Index and Japan’s Topix index pacing the rebound. Thailand’s SET Index climbed 2.1 percent as sentiment was boosted by progress in laws needed to hold a national election. India is closed for a holiday.
Source : Bloomberg