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Asian Stocks Edge Higher as Treasuries Steady


Tuesday, 11 June 2019 09:50 WIB

Saham Asian Indeks MSCI Asia Pasifik


Asian stocks headed higher Tuesday as investor focus turned to the U.S.-China trade arena, while Treasury yields were stable after Monday’s gains.

Japan’s equity benchmark rose, while gains in Hong Kong and China were more modest as markets opened. Australia outperformed as Vocus Group surged after AGL Energy Ltd. made a bid for the data network operator. U.S. futures climbed. Earlier, the S&P 500 Index rose for a fifth straight session, though closed below its highs of the day. President Donald Trump threatened to raise tariffs on China again if President Xi Jinping doesn’t meet with him at the Group of 20 summit at month-end. The yuan bounced off its lows of the year. Crude oil traded above $53 a barrel in New York.

Sentiment remains fragile as investors look to the G-20 summit in Japan as the next way-station in the trade dispute between the world’s two largest economies that has convulsed risk assets.

The MSCI Asia Pacific Index climbed 0.4%.

Source : Bloomberg


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