Asian stocks gain with Yuan as Trump delays tariff hike

Earlier, the S&P 500 climbed to the highest since July as tech and healthcare shares gained, with the recent trend of rotation to value from momentum stocks easing.

Sep 12, 2019 02:09 IST India Infoline News Service

Nikkei
US equity futures and Asian stocks rose, along with the yuan, after President Donald Trump said he will delay the next US tariff increase on China by about two weeks. The yen and Treasuries dipped.

Shares rose in Tokyo, Hong Kong and Sydney on the boost to sentiment as investors awaited a potentially pivotal European Central Bank policy meeting.

Earlier, the S&P 500 climbed to the highest since July as tech and healthcare shares gained, with the recent trend of rotation to value from momentum stocks easing. Oil pared overnight losses stemming from signs there could be a thaw in US-Iran relations-following John Bolton’s departure.

Source: Bloomberg

Related Story