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A currency trader monitors monitors in the foreign exchange trading room of KEB Hana Bank headquarters in Seoul, South Korea, on Friday, October 12, 2018. Asian stocks were mixed on Friday, Chinese trade data better than expected giving some markets a blame for the impact of punitive tariffs. (Ahn Young-joon / Associated Press)
SINGAPORE – Stock prices in Asia rebounded after a report that President Donald Trump and his Chinese counterpart Xi Jinping could meet at the Group of 20 summit in Argentina in late November.
The Wall Street Journal said the White House had informed officials in Beijing that it would hold a summit in Buenos Aires. He quoted anonymous sources from both sides.
According to the report, the goal was to find a way out of the trade stalemate that led the two countries to impose tariff penalties on billions of dollars of reciprocal exports.
Good Chinese export data also helped to give life to stock indexes that had stagnated in recent days.
Japan's Nikkei 225 gained 0.4%, while Hong Kong's Hang Seng gained 1.7%.
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