Asian shares extended gains on Thursday and U.S. stock futures jumped after Chin...
The Chinese yuan jumped versus the dollar in offshore trade, while safe-have assets such as gold and the yen fell.
China’s Commerce Ministry said its trade team will consult with their U.S. counterparts in mid-September in preparation for negotiations in early October, hinting at progress in reducing trade friction. “Since yesterday, there has been limited downside in markets because of what happened in Hong Kong, but now the U.S.-China talks are the story,” said Masayuki Kichikawa, chief macro strategist at Sumitomo Mitsui Asset Management Co in Tokyo.shares erased early losses to rise 0.5%. They had jumped in afternoon trade on Wednesday after leader Carrie Lam said she was withdrawing an extradition bill that had triggered months of often violent protests in the Asian financial hub.
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