Asian stocks up on US-China trade optimism

Further, UK PM Boris Johnson was prevented from holding an important vote on the Brexit withdrawal deal he recently agreed with Brussels.

Oct 22, 2019 02:10 IST India Infoline News Service

Asian stock markets see an extension of last week's positive momentum as equities continue to see good follow up buying. Japanese markets are closed for a public holiday.

According to the media reports, Trump and Chinese President Xi Jinping are set to participate in the Asia-Pacific Economic Cooperation meetings in Chile during mid-November, where many are anticipating a partial trade deal to be signed between the two countries. Further, UK PM Boris Johnson was prevented from holding an important vote on the Brexit withdrawal deal he recently agreed with Brussels.

US indices closed with gains as bond yields rise with talks of US/China trade deal in early November. Technology stocks led the gainers as earnings beat estimates. Dow Jones futures rise on President Trump's assurance of positive response from China.

Meanwhile, oil prices remain under pressure as growth concerns see bears dominate in lowering prices.

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