Asian markets gain on hopes of US-China trade deal

Nikkei 225 Index is up 0.87% at 21,488.94, after rising to a high of 21,494.85 earlier.

Feb 20, 2019 04:02 IST India Infoline News Service

Nikkei
Asian markets were higher on Wednesday after US President Donald Trump said the US-China trade talks are "going very well" and once again hinted that an early March deadline to reach a deal could be postponed. The markets opened in the green led by the Japanese Nikkei as overnight US stocks continued to see an uptick despite the need for a correction.

Nikkei 225 Index is up 0.87% at 21,488.94, after rising to a high of 21,494.85 earlier. Shanghai, Hong Kong and South Korea are advancing more than 1% each, while New Zealand, Indonesia, Malaysia, Singapore and Taiwan are also higher.

The Dow inched up 8 points to 25,891.32, the Nasdaq rose 14 points to 7,487 and the S&P 500 edged up 4 points to 2,779.

The major European markets also ended mixed on Tuesday. The DAX Index ended higher by 0.1%, while the CAC 40 Index slipped by 0.2% and the U.K.'s FTSE 100 Index slid by 0.6%.

US West Texas Intermediate (WTI) crude oil futures were at $56.01 per barrel, down 8 cents from their last settlement, but not far off their 2019 high of $56.33 reached earlier this week.

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