Asian stocks inch up on trade outlook but markets remain wary
FILE PHOTO: Employees of the Tokyo Stock Exchange (TSE) work at the bourse in Tokyo Japan, October 11, 2018. REUTERS/Issei Kato
December 5, 2019
By Stanley White
TOKYO (Reuters) – Asian stocks edged up on Thursday on signs the United States and China were on track for a preliminary trade deal, though optimism was tempered by the almost daily shifts in prospects for defusing the damaging tariff war now in its second year.
The fluid situation around Sino-U.S. trade negotiations has cast a pall on financial markets heading into Christmas, with major economies grappling under the weight of weak exports, investments and corporate profits.
Investors were quick to latch on to a Bloomberg report on Wednesday that Washington and Beijing are closer to agreeing how many tariffs would be roll ...