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Asian stock markets ended the doldrums on Thursday after a report that US and Chinese negotiators outlined a plan to end the trade war.
The Tokyo Nikkei 225 index
NIK + 0.36%
rose 0.3% despite a manufacturing activity index down to its lowest level in three years, suggesting that Japanese economic growth is slowing. The Shanghai Composite Index
SHCOMP, + 1.14%
advanced by 0.3%
The Sydney S & P-ASX 200
XJO, + 0.70%
added 0.7% while Hong Kong Hang Seng
HSI, + 0.78%
earned 0.5%. Kospi from Seoul
SEU, + 0.14%
was unchanged. Landmarks in New Zealand
NZ50GR, + 0.56%
and Taiwan
Y9999, + 0.46%
advanced with the markets of Southeast Asia.
Among the individual shares, Rakuten
4755 + 4.88%
and Honda
7267, + 2.41%
in Tokyo and Hyundai Motor in Seoul
005,380, + 1.26%
. Lenovo
0992, + 12.42%
Sunny Optical
2382 + 4.99%
and AAC
2018 + 4.53%
in Hong Kong, while HSBC
0005, -1.44%
slipped. Banking shares such as ANZ Banking
ANZ + 1.83%
and Commonwealth Bank
ABC, + 2.01%
increased in Australia.
Investors seemed encouraged by a Reuters report that the United States and China had drafted agreements-in-principle in six key areas, including computer theft, intellectual property rights and forced technology transfer. Futures in the US stock market jumped immediately after the report, futures on Dow
YMH9, + 0.40%
more than 100 points.
Earlier, a US envoy said that a meeting in Beijing last week "had progressed". President Donald Trump told reporters on Tuesday that the negotiations were "going very well". Trump has suggested that he could postpone rising tariffs on $ 200 billion worth of goods commitment.
The US Federal Reserve reassured investors by publishing the minutes of its last meeting. She said that, as expected, she would be patient with rising interest rates in a context of economic uncertainty.
The lack of details in the Fed's report "is letting the region wait for further developments between the US and China," said Jingyi Pan of the IG in a report. After rising markets following Trump's positive comments, she said "do not be surprised" to see more gains.
Standard & Poor's 500 benchmark
SPX, + 0.18%
gains 0.2% to 2,784.70. The Dow Jones Industrial Average
DJIA, + 0.24%
added 0.2% to 25,954.44. The Nasdaq composite
COMP + 0.03%
increased 0.03% to 7,489.07.
In Japan, the preliminary reading of a monthly purchasing managers' index fell to 48.5 on a 100-point scale from 50.3 in January. This is the second exceptionally large monthly decline and the lowest level of the PMI since October 2016. "Such large falls are rare and suggest that the economy is losing steam," said Marcel Thieliant of Capital Economics. in a report.
Reference index of US crude oil
CLH9, + 1.44%
lost 8 cents to 57.24 dollars a barrel in electronic trading on the New York Mercantile Exchange. The contract earned 71 cents Wednesday at 57.16 dollars. Brent
LCOJ9, + 0.22%
used to set prices for international oils, rose 2 cents to 67.10 dollars a barrel in London. He earned 63 cents the previous session at $ 67.08.
The dollar
USDJPY, -0.11%
slightly down to 110.82 yen against 110.85 on Wednesday.
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