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Asian stocks pare gains with next phase of U.S.-China trade saga in focus, euro buoyant [Reuters]

SUMITOMO MITSUI FINANCIAL (SMFG)  More Company Research Source: Reuters
US:NYSE Investor Relations: smfg.co.jp/english/investor
PDF Asian stocks pare gains with next phase of U.S.-China trade saga in focus, euro buoyant | Reuters 4 Min Read TOKYO (Reuters) - Asian stocks rose modestly on Wednesday, paring earlier gains as optimism that trade ties between Washington and Beijing were on the mend gave way to questions about the next phase of the diplomatic tit-for-tat between the two countries. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was 0.35 percent higher. It gained 1.2 percent the previous day after a speech by Chinese President Xi Jinping was seen as striking a more conciliatory stance following a week of tit-for-tat tariff threats between Beijing and Washington. The index’s surge lost some steam, however, with some Asian equity markets staggering, as the world’s two biggest economies are still seen needing to clear more hurdles before reaching any sort of settlement over trade issues. “The United States and China are still at a phase in which they are attempting to probe the inte [Read more]

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