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Asia stocks edge up on Mexico reprieve but Sino-US rift caps gains

Updated : June 11, 2019 08:41 AM IST

US President Donald Trump said on Monday he was ready to impose another round of punitive tariffs on Chinese imports if he cannot make progress in trade talks with Chinese President Xi Jinping at the G20 summit.
MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2 percent. Australian stocks rose 0.9 percent, South Korea's KOSPI added 0.15 percent and Japan's Nikkei edged up 0.05 percent.
In the currency markets, the dollar gave up some of the modest gains it made against its peers overnight on news that the United States and Mexico agreed on a deal to avoid tariffs.
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