A Phone Call, a Trade Deal Hint And Asia Shares Go Shooting Up
- Trump said to have asked aides to draft potential trade deal
- MSCI Asia Pacific Index jumps as much as 2.5 percent
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It all started with a phone call. Then it only got better.
Friday began in the green for Asian stocks, thanks to news the leaders of the world’s two largest economies talked, with U.S. President Donald Trump saying his Chinese counterpart wanted to make a deal to end an escalating trade war. Then the report that sent shares shooting up came out: Trump has asked U.S. officials to begin drafting potential agreement terms, according to people familiar with the matter.