Asian Stocks Advance as U.S. and China Put Trade War `on Hold'
- Japan’s benchmark Topix index erases its year-to-date loss
- Trade tension ‘buried for now,’ says Societe Generale’s Baader
This article is for subscribers only.
Asian stocks outside Japan climbed, tracking gains in U.S. equity futures, after American and Chinese officials signaled a de-escalation of recent trade tension.
The MSCI Asia Pacific Index ex-Japan rose 0.1 percent to 567.63 as of 3:13 p.m. in Hong Kong, in a broad regional rally. Japan’s Topix index failed to hold on to early gains and fell 0.1 percent at the close. Meanwhile, the Nikkei 225 Stock Average rose for a third day.