Asian stocks joined global peers and rose on Friday while safe havens such as go...
TOKYO - Asian stocks joined global peers and rose on Friday while safe havens such as government bonds and the yen were on the defensive amid hopes for easing U.S.-China trade tensions and as firm U.S. economic data increased risk appetites.
Global equity markets welcomed news that the United States and China agreed on Thursday to hold high-level talks early in October, raising hopes for substantial progress in de-escalating their long, bitter trade conflict.U.S. private payrolls increased in August at their fastest pace in four months, according to ADP. Separately the U.S.
The dollar stood at 107.070 yen after climbing to a one-month high of 107.235 overnight. The greenback has gained about 0.7% against the Japanese currency this week as the decrease in risk aversion reduced demand for the safe-haven yen. U.S. Treasuries fell in price and their yields rebounded from multi-year lows as investors moved out of safety assets into equities.
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