Trump stands firm on China trade war as talks poised to resume, says critics ‘don’t have the guts’
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New optimism in US-China trade war felt on Wall Street, Asian markets
Asian shares traded mostly higher on Tuesday, following a rally on Wall Street. Traders are cautiously optimistic again about the potential for progress in the costly trade war between the U.S. and China. Japan's benchmark Nikkei rose 1.2 percent, Hong Kong's Hang Seng rose at first but reversed course and was down nearly 0.2 percent and China's Shanghai Composite was up 1.1 percent. U.S. equity futures were searching for direction Tuesday morning.
Asian shares traded mostly higher on Tuesday, following a rally on Wall Street. Traders are cautiously optimistic again about the potential for progress in the costly trade war between the U.S. and China. Japan's benchmark Nikkei rose 1.2 percent, Hong Kong's Hang Seng rose at first but reversed course and was down nearly 0.2 percent and China's Shanghai Composite was up 1.1 percent. U.S. equity futures were searching for direction Tuesday morning.
Monday's rally on Wall Street got its start early after President Trump said his negotiators had received encouraging calls from China on Sunday, though China's foreign ministry denied knowledge of any such calls. At the end of the G-7 summit, the president stood firm and defended his handling of the trade war with China and said his approach was seeing results.
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