Left Menu
Development News Edition

Asian stock markets led gain in emerging markets as trade tensions ease

Asian stock markets led gains in emerging markets on Wednesday as signs of an easing of U.S.-China trade tensions boosted investors' appetite for risk, while the dollar held near a one-month high, capping gains in many developing world currencies.

In an interview with Reuters, President Donald Trump sounded upbeat on the chances of a trade deal with China and said he would intervene with the U.S. Justice Department in the case against a Chinese telecommunications executive if it would help.

Huawei Technologies Co's Chief Financial Officer Meng Wanzhou, who was arrested earlier this month in Vancouver on charges of violating U.S. sanctions against Iran, was released on bail on Tuesday, easing concern among financial investors that the case could lead to more tit-for-tat moves by Beijing and Washington.

MSCI's index for developing world stocks climbed 1 per cent, with Chinese and Hong Kong shares both closing higher.

South Korea's main index rose 1.4 per cent, buoyed by gains in shares of the country's biggest carmaker, Hyundai Motor Co.

"The trade news has helped stock markets in Asia rise," said William Jackson, chief emerging market economist at Capital Economics in London.

"Part of the rebound in equities reflects how sharply they fell earlier this week. We may just be seeing a recovery (but) obviously there's been a big element in the news flow."

Indian stocks rallied after the government moved quickly to calm markets and appoint a new central bank governor, picking a former finance ministry official and backer of some of Prime Minister Narendra Modi's key policies.

The prospect of a swing towards the more dovish policy demanded by Modi's administration ahead of next year's elections helped stock markets, but concerns remain among investors about the independence of the bank.

Stocks on Johannesburg's main index were at a one-week high after data showed consumer inflation quickened slightly in November in Africa's most industrialised nation. That also boosted the rand.

Other emerging market currencies were mixed as the dollar recovered from sharp falls last week, with the Russian rouble and Turkey's lira weakening. Most Asian currencies including the Chinese yuan and the Indian rupee firmed.

For GRAPHIC on emerging market FX performance 2018, see http://tmsnrt.rs/2egbfVh For GRAPHIC on MSCI emerging index performance 2018, see https://tmsnrt.rs/2OusNdX

For TOP NEWS across emerging markets

For CENTRAL EUROPE market report, see

For the TURKISH market report, see

For the RUSSIAN market report, see

(With inputs from agencies.)



Hyderabad Encounter: Time to review modern judiciary and restore people’s confidence

Its probably for the first time in the history of independent India, the parliamentarians, chief ministers and ministers in the Union and State governments are openly supporting an encounter. This indicates the people from top to bottom hav...

What happens to your outstanding loans if the bank falls?

... ...

Time for a change! Innovations to stop the growing plastic pollution

As the planet is drowning in plastic pollution, many new innovative approaches and solutions have emerged to effectively deal with the menace....

How to avoid fake universities and fishing bait like Farmington

As education sharks are roaming around to prey, we present a guide on how to mitigate hunters and reach to a genuine universityinstitute. In this era of commercialization of education, the fake universities and economic frauds in educationa...


Latest News

Cops stopped peaceful activists march: DCW

The Delhi Commission For Women on Saturday accused the city police of using water cannon and stopping a peaceful candlelight march heading to India Gate from Rajghat by it is chiefs supporters to demand the death penalty for rapists. Police...

UPDATE 1-Mexico, U.S. 'getting close' on finalizing USMCA - Mexican official

Mexicos deputy foreign minister for North America said on Saturday that negotiators were making progress on revisions to the United States-Mexico-Canada Agreement USMCA trade deal.Mexico approved USMCA this year, but U.S. ratification has b...

Punjab shouldn't be blamed for Delhi's pollution: Amarinder Singh

Punjab Chief Minister Amarinder Singh said on Saturday it was not smoke from his state that was causing pollution in Delhi and stressed on the need to find ways to dispose of paddy straw, which farmers in his state usually burn in October a...

Official: Base shooter watched shooting videos before attack

The Saudi student who fatally shot three people at a US naval base in Florida hosted a dinner party earlier in the week where he and three others watched videos of mass shootings, a US official told The Associated Press on Saturday.One of t...

Give Feedback