Most Asian stocks posted modest gains Tuesday as investors digested signs of progress on trade negotiations and speculation of government stimulus to shore up economic growth. Treasuries rose and the dollar traded near the year’s high.
Shares pushed higher in Tokyo, Sydney and Seoul, and fluctuated in Hong Kong and Shanghai. S&P 500 Index futures edged higher with the benchmark gaining for a third day as U.S. Commerce Secretary Wilbur Ross said the nation will delay restrictions imposed on some business operations of China’s Huawei Technologies Co. The yen steadied after falling back overnight.
The MSCI Asia Pacific Index rose 0.4% as of 12:05 p.m. in Tokyo. Hang Seng Index fell 0.1%. Shanghai Composite Index rose 0.1%.
Source : Bloomberg