Asia Markets: Asian markets gain as U.S. and China agree to new trade talks [MarketWatch]
FAST RETAILING UNSP/ADR (FRCOY)
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Source: MarketWatch
Asian markets gain as U.S. and China agree to new trade talks Asian markets gained in early trading Thursday after an announcement that the U.S. and China will resume trade negotiations early next month. Investors also were cheered by encouraging global developments, including British lawmakers seeking a less chaotic exit from the European Union and easing political tensions in Hong Kong. China’s Ministry of Commerce announced early Thursday that the two sides will meet in Washington in early October. The U.S. and China have not held formal trade talks since July, when meetings in Shanghai ended with no progress. The agreement came in a phone call conducted by the chief Chinese envoy, Vice Premier Liu He, with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, the ministry’s statement said. Officials will “conduct conscientious consultations” in mid-September to prepare for the talks, it said. It gave no details but said the two sides wanted to create “
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