Global stocks jumped on signs of optimism out of the US-China trade talks
In Asia, Hong Kong's Hang Seng Index climbed 1.5%. Japan's Nikkei 225 and South Korea's Kospi rose 0.9% and 1%, respectively. China's Shanghai Composite Index added 0.3%.US futures also rose further following overnight gains on Wall Street. Dow and S&P 500 futures both improved 0.2%, while Nasdaq futures moved up 0.3%.President Donald Trump said Thursday in the United States that the first day of high-level trade talks with China was going"very well.
People close to the talks expect the momentum to continue Friday when Trump meets Chinese Vice Premier Liu He in the Oval Office. Read MoreOfficials familiar with the talks say possible outcomes will likely fall short of a sweeping, comprehensive trade deal that Trump has called for. But smaller deal could include new currency agreements, Chinese commitments on farm purchases and a halt on US tariffs that are due to increase next week.
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Asia stocks set to trade higher amid US-China trade optimismInvestors will watch for market reaction to overnight developments on U.S.-China trade. American President Donald Trump said in a tweet Thursday that he is set to meet with Chinese Vice Premier Liu He on Friday, raising expectations that progress could be made on the trade front by the two economic powerhouses.
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