Asian markets trade higher on US-China trade deal hopes

Treasuries extended declines and the dollar stabilized after snapping eight days of gains.

Feb 13, 2019 04:02 IST India Infoline News Service

asian Stock Market Trader
Asian stock markets were trading higher on Wednesday following the overnight rally on Wall Street amid optimism about US-China trade talks and as the surge in crude oil prices boosted energy stocks.

Treasuries extended declines and the dollar stabilized after snapping eight days of gains.

Shares in Tokyo, Hong Kong and China traded higher, while Indonesia, Malaysia and Taiwan are lower. The Australian market slipped into negative territory after opening higher.

Oil rebounded from a two-week low after Saudi Arabia pledged to deepen production cuts.

On Tuesday’s trade, the Dow soared 372.65 points to 25,426, the Nasdaq jumped 107 points to 7,415 and the S&P 500 surged up 34.93 points to 2,745.

European markets also moved higher on Tuesday. While the UK's FTSE 100 Index inched up by 0.1%, the French CAC 40 Index advanced by 0.8% and the German DAX Index jumped by 1%.

Related Story