Asian stock markets are rising and rising.
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Asian stock markets went up mildly on Wednesday with early gains, as the optimism of China's trade relations with the United States was being repaired, which was offset by the next phase of the two countries' diplomatic tit for tat doubts.
MSCI, the index of Asia Pacific region (except Japan) increased by 0.35%, and the index rose 1.2% after the announcement by Chinese President Xi Jinping. Xi Jinping's conversation was interpreted as a compromise position. After that, China and the United States threatened the interaction of tariff issues.
But the rise of the index loses some kinetic energy and some Asian stock markets are unstable, and many obstacles still need to be cleared up before the two largest economies of the world have reached any settlement on trade disputes.
"The US and China are still at the stage of probing the intentions of the other side," said Masahiro Ichikawa, senior strategist at Sumitomo asset management.
Although China has demonstrated its ability to achieve that goal, the market will not stabilize until the actual agreement is reached between China and the US. The next key is how the United States responds. "
Australian stock market fell 0.25%, Japan's Nikkei index.N225 fell 0.1%.
Korea composite stock price index,.KS11 rose 0.25%, Hongkong's Hang Seng Index rose 0.5%.HSI, China stock market rose 0.2%.SSEC.
The Dow Jones industrial index.DJI rose 1.8%, the S & P 500 index rose 1.7%, and the NASDAQ index.IXIC rose 2.1%. The Chinese President Xi Jinping promised to further open the economy and reduce import tariffs on goods including cars.
In terms of foreign exchange market, the euro rose to US $1.2358 against EUR=, rising for fourth consecutive days.
The euro and the US dollar are not far from the two week high of 1.2378 dollars overnight. In the exclusive interview, he said to Reuters, the European Central Bank's 2 trillion and 550 billion euros ($3 trillion and 100 billion) debt purchase plan will be phased out by the end of this year. This will pave the way for the first interest rate increase since 2011. The speech boosted the euro.
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