Solid stock gains on increased hopes for China/US trade solution

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.

Source: Forexlive

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