Asia Markets: Asian markets rise on renewed hopes of trade truce emerging from G-20 meeting [MarketWatch]
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Source: MarketWatch
Asian markets rise on renewed hopes of trade truce emerging from G-20 meeting Asian markets gained in early trading Thursday, as investors focused on optimistic signs ahead of Saturday’s meeting between Presidents Donald Trump and Xi Jinping at the G-20 summit. The meeting is undoubtedly the economic highlight of the summit, held in Osaka, Japan, on Friday and Saturday. Investors hope that the presidents will move toward resolving a trade dispute that has raised business costs and weighed on global financial markets. Trump has said he was prepared to place tariffs on $300 billion more in Chinese imports, covering everything China ships to the United States, if the talks with Xi don’t end in progress. “The Chinese economy’s going down the tubes,” he said in an interview with Fox Business Network on Wednesday. “They want to make a deal more than I do.” Early Wednesday, U.S. Treasury Secretary said a trade deal with China was “90% of the way there,” and that he was confident Trump and Xi
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