Asia Stocks Rise on Trade Hopes, China Data
Monday, 21 January 2019 09:35 WIB | MARKET UPDATE |Saham Asia Indeks MSCI Asia Pasifik

Asian stocks built on their January rally as investors demonstrated continued confidence that trade tensions ultimately will subside and policy makers will refrain from growth-damaging monetary tightening.

Shares in Tokyo, Hong Kong and Sydney climbed after the S&P 500 Index hit its highest since early December on Friday. Spurring the gains was optimism around the next round of U.S.-China trade talks at month-end and data from China that alleviated concerns of a continued deterioration in China™s slowing economy. Not all was sunny on Monday, however, with S&P 500 futures dipping and the yen strengthening after Bloomberg reported that the two sides are making little progress on the key issue of intellectual property protection. U.S. markets are closed Monday.

The MSCI Asia Pacific Index gained 0.4 percent as of 10:03 a.m. Hong Kong time.

Source : Bloomberg


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