Asian shares still shaky as Trump-Xi summit in G20 nears

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Asian shares once again failed to make any significant ground on Wednesday as the greenback rose to an almost 1-1/2-year top as risk assets tok comfort in the news of an ease in the U.S.-China trade war.

MSCI’s broadest index of Asia-Pacific shares outside Japan bounced between positive and negative territory ending on a flat note.

Australian and South Korean stocks both were minus at 0.2%

Japan’s Nikkei gained 0.7 percent.

Chinese indices shed small early gains however the blue-chip index was flat.

Asian markets took a dive on Tuesday following Trump's comments that it was “highly unlikely” he would accept China's demands to not increase tariffs.

White House economic adviser Larry Kudlow brightended the mood by confirming that Trump and Xi Jinping will both have dinner in order to discus the current state of affairs and hints have been made that the both may even come to a trade agreement.  

The upcoming G20 meeting in Buenos Aires is surely going to have all eyes on the two gentlemen.

The cheerful news gave Wall Street’s main indexes a good boost with most ending the session in positive territory.




Source: Smart Trend Team/ Reuters