Asia Markets: Asian markets up on fresh hopes for U.S.-China ‘phase-one’ trade deal [MarketWatch]
GEELY AUTOMBL HL UNSP/ADR (GELYY)
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Source: MarketWatch
Asian markets up on fresh hopes for U.S.-China ‘phase-one’ trade deal Asian markets rose slightly in early trading Tuesday after encouraging news about U.S.-China trade talks. President Donald Trump on Monday said “the deal with China is coming along very well . They have to make a deal because their supply chain is going down the tubes.” That follows comments Saturday by China’s top trade negotiator, Vice Premier Liu He, who said “substantial progress” has been made toward a phase-one agreement. U.S. Trade Rep. Robert Lighthizer said Monday that he is aiming for a phase-one deal to be signed by Trump and China’s President Xi Jinping in mid-November at the Asia-Pacific Economic Cooperation summit in Chile. “Unlike previous trade talks where expectations centered on the view that something is better than nothing, this time around there appears to be a tangible and workable roadmap in place which is supported by official confirmation that the U.S. and China were both on the same page ab
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