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Asian shares extend rebound on hopes for trade deal, cautious Fed

Updated : January 08, 2019 08:21 AM IST

Gains in tech names allayed some fears, sparked by Apple’s sales warnings last week, that the high-flying sector is starting to be hurt by the Sino-US trade war.
China’s Foreign Ministry said Beijing had the “good faith” to work with the United States to resolve trade frictions, but many analysts doubt the two sides can reach a comprehensive agreement on all of the divisive issues before a March deadline.
Emerging market currencies benefited even more, with MSCI emerging market currency index rising 0.9 percent in the last two days to levels last seen in late July.

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