GLOBAL MARKETS-Asian stocks raised by trade talks between the United States and China | Energy & Oil



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* Asian stock exchanges: tmsnrt.rs/2zpUAr4

* MSCI Asia Pacific Index Up 0.2%, Nikkei Adds 1%

* The dollar capped, crude oil prolongs the recovery

By Shinichi Saoshiro

TOKYO, Feb 13 (Reuters) – Asian stocks have risen and safe haven state bonds have again been under pressure Wednesday, optimistic, the US and China may be able to reach an agreement to resolve their claims. trade dispute that had lasted for almost a year.

The broadest MSCI Asia-Pacific equity index out of Japan rose 0.2%.

Korea's KOSPI gained 0.5% and Japan's Nikkei 1%.

Asia draws its inspiration from Wall Street, where Dow and Nasdaq each rallied about 1.5% overnight on optimism over US-China trade talks and a tentative spending agreement between the US and China. the US Congress and the US Congress to avoid a further partial closure of the government.

US President Donald Trump said Tuesday that he could well leave the deadline of March 1 to reach a trade agreement with China a little further if the two sides were close to a full agreement .

Officials in Washington and Beijing expressed hope that a new round of talks this week will bring them closer to easing their seven-month-old trade war.

"We are currently seeing a negative sentiment about US trade concerns and tax issues," said Soichiro Monji, chief economist at Daiwa SB Investments in Tokyo.

"In order for risky badets to be motivated only by optimism, there will have to be some sort of closure in the United States-China trade sector in March. A more permanent solution to avoid a stop of the American government is also necessary. We must not forget that we are not there yet.

US congressional negotiators concocted Monday a bipartisan agreement on border security to avoid a further partial closure of the government. However, Trump Tuesday expressed dissatisfaction with the deal and said he had not yet decided if he would support it.

While risk aversion was diminishing for the time being, safe harbor bonds were sold and their yields rose. US 10-year Treasury yields rose more than 24% to a record high of 2.64%, the highest level in a week.

The dollar was on the defensive when investors transferred their money to riskier badets amid hopes of trade talks between the United States and China.

The dollar index came in at 96,701 after the end of its eight-day winning race, which has moved it past the peak reached for two months.

The euro was a little higher, at 1.333 dollar after gaining 0.5% the previous day, after rebounding after a three-month low of 1.1258 dollar.

The dollar was stable at 110.53 yen.

In commodities, US crude oil futures rose 0.73% to $ 53.49 a barrel after rising 1.3% on Tuesday.

Oil prices jumped on Tuesday after OPEC figures showed a sharp reduction in production in January and, as the main member, Saudi Arabia, said its production would decrease by 500,000 barrels in March. (Edition by Shri Navaratnam)

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