Stocks climbed in Asia with U.S. and European futures and the yuan rose after U.S. President Donald Trump postponed the date for boosting tariffs on Chinese imports, in the latest sign of progress in the trade talks.
Chinese shares led the region higher, with turnover in the country’s stocks surging to the most since 2015, after Trump said he will delay the March 1 deadline. Equities in Japan, whose economy has been hit by the trade war, also jumped, though rallies fizzled in South Korea and Australia. A gain in U.S. futures also faded after China’s state-run Xinhua news agency published a commentary saying talks will be harder at the final stage. The yuan and Australia’s dollar also pared advances. Treasuries recouped a modest loss.
Macro :
- U.S.-China Said to Haggle Over How to Enforce Currency Pact
- May Pledges Brexit Vote by March 12 in Another Play for Time
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