Stocks in Asia broadly rallied Thursday after Chinese officials announced that they've agreed with the United States to hold another
round of trade talks in Washington next month.To get more
china breaking news, you can visit shine news official website.
The Shanghai Composite Index (SHCOMP) rose 1.5% in early trading, putting
on pace for its fourth straight day of gains. Japan's Nikkei (N225)
advanced 2.4%, while South Korea's Kospi (KOSPI) rose 1.5%.
China's Commerce Ministry on Thursday announced that the country's Vice Premier
and chief trade negotiator Liu He has spoken with US Trade
Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin,
and that both sides agreed to meet in Washington in October.
The two sides will continue talking before then, according to the Commerce Ministry.
US futures also rallied during Asia hours. The Dow (INDU) was up 1.1%, or
roughly 290 points, while the S&P 500 (SPX) and the Nasdaq (COMP)
both advanced more than 1%.
Hong Kong's Hang Seng Index (HSI) rose 0.4%. The index rallied nearly 4% Wednesday, its best day of the year.
That jump came after reports, subsequently confirmed, that Hong Kong
leader Carrie Lam would formally withdraw a controversial extradition
bill that sparked months of protests in the financial hub.
