The U.S. president negotiated with China at the UNGA summit, saying the deal with China is nearing a day. President Trump also said Washington and Tokyo have taken important steps to close a comprehensive new trade deal.
You can see the Chinese and American flags on July 30, 2019 in Shanghai, China.
(Aly Song / Reuters)
In an optimistic comment by US President Donald Trump, the Asian market advanced on Thursday.
Trump said he appeared on the United Nations, raising Wall Street higher, despite concerns about initiation of impeachment investigations of mercury leaders as the deal with China neared.
The remarks were announced one day after Trump faced China's "denial" at the UN summit.
President Trump also said Washington and Tokyo took important steps to contain a comprehensive new trade deal. The United States will cut tariffs on $ 7 billion in Japanese agricultural exports, while the United States will cut tariffs on some Japanese agricultural products.
Stephen Innes, Asia-Pacific market strategist at AxiTrader, said, “Investors have long cheered with an optimistic attitude towards optimism.
The Japanese deal also said, "The president is open to trading, suggesting that he is willing to negotiate with China," Innes said.
The Asian market greatly cheered Trump's positive views on trade.
Makoto Sengoku, market analyst at the Tokai Tokyo Research Institute, said, “Every day, the market is shaking with the president's comments. In recent moves, feelings have risen from the president's positive comments. ”
Analysts said, "It alleviated concerns that Spat would put a strain on the global economy."
Asian market
Tokyo rose 0.1 percent, and steelmakers and automakers had a bright outlook for US trade deals.
Nippon Steel increased 2.5{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} and JFE Holdings increased 3.8{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}. Among automakers, Toyota increased 1.1 percent and Nissan increased 0.9 percent.
Hong Kong's surge rose 0.4 percent after Beijing announced that China had purchased a significant amount of pork and beans in the United States, the most recent sign of easing tensions between the world's two largest economies.
China Resources and Tencent gained 2.3{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} and 1.2{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} respectively, leading profit.
The announcement for Shanghai was too late, which fell 0.9 percent on a prudent deal before a vacation a week ago.
Elsewhere, Sydney fell 0.5{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} while Seoul rose slightly and Singapore was flat. Jakarta rose more than 1{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} and Mumbai rose 0.9{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.
The European market continued to grow, with 0.1{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} in London, Frankfurt Flat and Paris falling 0.1{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.
Crude Oil Prices Fall
Crude oil prices fell due to an unexpected rise in US inventories and a rapid recovery in Saudi Arabia production following an attack on the oil infrastructure on September 14.
Brent fell 0.2{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} and WTI fell 0.3{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5}.
The pound has hardly changed in the foreign exchange market. The British currency withdrew after Tuesday's rebound following the belief that Brexit's chances fell.
Jeffrey Halley, OANDA's chief market analyst, said, “Because of the political outlook for Brexit and the more inevitable election than ever, the good news is now in the GBP.”
"Perhaps we need to sign and seal a Brexit contract to provide new upside momentum."
Source: AFP
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