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Hong Kong stocks rebound despite latest violence – business live


Most Asian markets rise after China’s rate cut, as investors await further news on trade

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

Hong Kong’s stock market has bounced back with a 1.1% rise, following heavy losses last week when it lost nearly 4.8% as protests escalated.

Related: Hong Kong protests: up to 800 trapped as police lay siege to university

Trade talks between the US and China remain at the forefront of traders’ minds. The positive sounds from the US side helped boosted European as well as US equity markets last week. Larry Kudlow, economic advisor to President Trump, plus Wilbur Ross, US commerce secretary, expressed optimism that a deal is in the offing. The commentary from the Trump administration helped the Dow Jones, S&P 500 and the NASDAQ 100 rack up fresh all-time highs on Friday.

The language is driving the bullish sentiment even though President Trump doesn’t appear to be keen to roll back on the tariffs. The US side would like to see more concessions being made in relation to intellectual property, while the Chinese side are balking about the size of agricultural purchases the US are calling for.

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