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Asian stock markets rose on Friday and market sentiment improved as reports of further progress in the US-China trade negotiations and the British Parliament voted overwhelmingly to support the postponement of withdrawal from Europe.
Liu He, Vice Premier of the State Council of China and Chinese leader of the China-US Comprehensive Economic Dialogue, made a third call with U.S. Trade Representative Lethizer and Finance Minister Mnuchin at 7 a.m. on March 14, according to Xinhua News Agency's official microblog Xinhua Perspective on Friday. The two sides made further substantive progress in their texts.
However, the prospect of longer-than-expected trade negotiations has diluted the euphoria, and it remains unclear how far the two economic powers are from reaching an agreement.
Nuchin said Thursday that the trade summit between US President Trump and Chinese President Xi Jinping will not be held at the end of March as previously suggested, because more work remains to be done in the Sino-US trade negotiations.
The MSCI Mingsheng Asia-Pacific (excluding Japan) index rose 0.5%.
The Shanghai Composite Index. SSEC rose 1.3%.
Nikkei index. N225 climbed 1%, while Korean stock market. KS11 rose 0.9%.
Overnight, global stock markets gained some respite and European stocks rose to a five-month high, boosted by bank shares. Previously, the British Parliament voted to rule out the possibility of withdrawing without agreement.

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