Asian shares gain stable ground as mood favors trade
Asian shares gained stable ground on Monday as Investors placed hopes for some progress on the Sino-U.S trade dispute.
U.S. national security adviser Robert O’Brien said On Saturday that an initial trade agreement with China is still possible by the end of the year. However, he warned that Washington would not turn a blind eye to what happens in Hong Kong.
The comments add about worries that a Chinese crackdown on anti-government protests in Hong Kong may complicate the trader deal further that it already is.
“The fact that talks are still happening remains a positive,” said Robert Rennie, head of financial market strategy at Westpac. “Markets are showing some signs of tiring of the steady drip feed of upbeat comments from U.S. officials and no signs of a final agreement looking likely.”