Asia stocks jump as investors await signing of phase one US-China trade deal [CNBC]
FAST RETAILING UNSP/ADR (FRCOY)
NASDAQ:AMEX Investor Relations:
fastretailing.com/eng/ir
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Source: CNBC
Shares in Asia jumped in Friday morning trade following news that Washington and Beijing have agreed to a phase one trade deal in principle, pending U.S. President Donald Trump's approval. Japanese stocks surged in early trade. The Nikkei 225 gained 2.09% as shares of index heavyweight Fast Retailing soared more than 2%. The Topix index added 1.63%. Meanwhile, the Bank of Japan's "tankan" survey released Friday showing business confidence among the country's large manufacturers diving to its lowest level in more than six years . South Korea's Kospi also saw robust gains as it traded 1.26% higher, with shares of chipmaker SK Hynix surging more than 3%. Shares in Australia advanced in morning trade, as the S&P/ASX 200 gained 0.4%. Overall, the MSCI Asia ex-Japan index traded around 0.5% higher. The moves came amid U.S.-China trade optimism. The White House has offered to scrap the next round of tariffs on Chinese exports to the U.S. that are set to take effect on Sunday, sources told CN
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