Major indices are trading higher
The major indices in Asia are looking good today as hopes for China/US trade solution get a boost with Trump/Xi talks.
- The Nikkei is up 266.96 points or 1.23% at 21954
- The Hang Seng is up 600 points or 2.39% at 26014
- The CSI 300 is up 60 points or 1.89% at 3237
- The Shanghai composite is up 30.5 points or 1.17% at 2636
- The Shenzhen composite index is up 25.73 points or 1.94% at 1331.59
- The Kospi is up 43.57 points or 2.15% at 2068.
You can't complain about those numbers.
For the last 5 days, the numbers are looking like this now:
- Nikkei +3.63%
- Hang Seng, +5.32%
- CSI 300, +1.94%
- Shanghai composite, +1.41%
- Shenzhen composite, +3.06%
- Kospi, +1.92%
You also can't complain about those numbers either.
Hope is great but there has to be some progress too. While Trump touted a "very good conversation" with President Xi. That is the good news. The not so good news is that federal prosecutors unsealed charges against a Chinese technology firm for allegedly stealing trade secrets.
Also, it is unrealistic to think a solution will be found quickly. The US-Mexico-Canada talks went on for months and months. Talks with China, are likely to be much more sticky.
