Asian Shares Rise on Conciliatory Trade Tone But Mood Cautious
Friday, 30 August 2019 08:09 WIB | MARKET UPDATE |Saham Asia Indeks MSCI Asia Pasifik

Asian shares ticked higher on Friday as China struck a hopeful tone on trade with the United States but continued fears about a global growth slowdown, or even a recession, capped sharp rallies.

Investors were focused on a string of economic releases due over the weekend including China™s official manufacturing survey which would provide a good gauge of the real impact from the Sino-U.S. trade war.

MSCI™s broadest index of Asia-Pacific shares outside Japan climbed 0.4% but stayed near a recent 7-1/2 month trough. For the week, it is set for a small weekly loss.

Japan™s Nikkei jumped 1% while South Korea™s KOSPI index gained 1.3% and Australian shares rose 0.7%.

Overnight, Wall Street added more than 1% after China™s commerce ministry said Beijing and Washington were discussing the next round of face-to-face talks scheduled for September.

Source : Reuters

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