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Asia stocks at one-month high, focus stays on US-China trade talks


  • Markets
  • Friday, 11 Jan 2019

MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.2 percent higher, while Japan's benchmark Nikkei advanced 1.1 percent in early trade.  Wall Street extended its rally into a fifth straight day on Thursday

MSCI's broadest index of Asia-Pacific shares outside Japan edged 0.2 percent higher, while Japan's benchmark Nikkei advanced 1.1 percent in early trade. Wall Street extended its rally into a fifth straight day on Thursday

TOKYO: Asian stocks inched higher to one-month highs on Friday, after Federal Reserve Chairman Jerome Powell reiterated the U.S. central bank can be patient on raising interest rates further.

But the rally's momentum slowed partly as investors sought more clarity on whether the United States and China could make headway on their talks on trade as well as intellectual property (IP) rights. U.S. President Donald Trump had earlier on Thursday said that Washington was having "tremendous success" in its trade negotiations with China.

Markets , Corporate News

   

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