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© Reuters. Investing.com – Asian markets rose in morning trading on Friday after US President Donald Trump announced plans to conclude an interim trade deal with China.
Hong Kong gained 0.3% at 22:30 ET (02:30 GMT).
Citing five anonymous people aware of the case, Bloomberg said that Trump administration officials planned to offer China a limited trade deal that would delay and even roll back some US tariffs .
The talks are preliminary and Trump has not yet agreed, noted Bloomberg.
"A lot of people are talking, and I see a lot of analysts: an interim agreement, which means we'll make some pieces, the easiest ones first," Trump told the press on Thursday. "But it's neither easy nor difficult. There is an agreement or there is no agreement. But that's something we would consider.
The president added that he preferred "to bring the whole agreement to an end," but that he did not foresee the possibility of an interim pact.
In-person negotiations between the two parties are scheduled for October in Washington.
Elsewhere, the European Central Bank (ECB) announced overnight a quantitative easing program worth 20 billion euros a month. The central bank also reduced its main deposit rate by 10 basis points to -0.5%, in line with market expectations.
The ECB will probably keep rates at current or lower levels until the inflation outlook converges robustly to a level close enough to 2% but below 2% in its projection horizon, and this convergence is persistent ".
"Given the weakening of the economic outlook and the persistence of the risk of deterioration, governments with fiscal space must act efficiently and on time," said the ECB President, Mario Draghi.
"In countries with high public debt, governments need to pursue prudent policies that will create the conditions for automatic stabilizers to operate freely. All countries should step up their efforts to achieve a more favorable composition of public finances for growth, "he added.
Japan recorded an increase of 0.9%.
In Australia, Australia increased by 0.1%.
Markets in China and South Korea are closed for holidays.
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