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

WHAT IS THE TECHNICAL CHARTS SAYING ABOUT PSEi?

The moment the price crosses the Re-Test is time to engage the market.

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

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