U. S. President Donald Trump said Tuesday that trade talks with China are going well, adding the current March deadline is not a
Stocks in Asia traded higher on Wednesday morning, following the gains seen in major U. S. major indexes overnight on the back of U. S. President Donald Trump hinting once again that a closely watched trade deadline in March may be pushed back.
Japan’s Nikkei 225 rose 0.37 percent in early trade while the Topix gained 0.31 percent as shares of robot maker Fanuc advanced 0.23 percent. Over in South Korea, the Kospi added 0.6 percent.
The ASX 200 in Australia rose 0.19 percent in morning trade as the sectors traded mixed. The materials subindex jumped 1.62 percent as shares of major miners saw strong gains. Rio Tinto added 2.18 percent, BHP Billiton advanced 1.73 percent while Fortescue Metals Group surged 6.46 percent after the company announced first half profits which beat estimates.
Trump said Tuesday that trade talks with China are going well, adding the current March deadline is not a «magical date.» Both countries have until then to come up with a deal.
