Asian stocks surge ahead as U.S. trade worries ease
Asian stock markets started strong in early Tuesday trading, building on Monday’s global gains which saw the S&P 500 and Nasdaq log record closing highs after President Donald Trump announced a pending trade deal with Mexico, easing global trade-war worries.
Japan’s Nikkei NIK, +0.17% rose 0.7%, briefly topping 23,000 for the first time since June 12, with exporters advancing as investors were more optimistic about U.S. trade policies. Many shippers, steel producers and auto makers were some 2% to 4% higher. Mitsui OSK Lines 9104, +2.03% jumped 3%, while Nippon Steel 5401, +0.66% rose 1% and Toyota 7203, +0.98% gained 2%. Analysts warned that initial enthusiasm for the U.S.-Mexico deal is unlikely to last since tougher negotiations likely loom ahead with China and other trading partners. Read more @ https://www.marketwatch.com/story/asian-stocks-surge-ahead-as-us-trade-worries-ease-2018-08-27?siteid=rss&rss=1
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