Asian shares enjoy relief rally, Sino-US trade talks loom
Updated : January 07, 2019 08:25 AM IST
Investors are keen to see how Chinese markets react to the US central bank’s policy easing announced late on Friday, which frees up around $116 billion for new lending.
US President Donald Trump said on Sunday that the talks were going very well and that weakness in the Chinese economy gave Beijing a reason to work toward a deal.
Japan's Nikkei shot up 3.1 percent, helped in part by a pullback in the yen, while South Korea added 1.5 percent. E-Mini futures for the S&P 500 ESc1 climbed another 0.5 percent.
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