Asia trades higher as US-China trade tensions ease

Friday, 13. September 2019 04:32

Asian markets traded with gains on Friday amid hopes the United States and China will resolve their ongoing trade dispute after both sides agreed to make some tariff concessions and US President Donald Trump noted he would be open to an "interim deal," despite favoring a "whole deal." Investors also digested the European Central Bank's (ECB) decision to relaunch its quantitative easing program and cut the deposit rate by 10 basis points.

The Nikkei 225 climbed 0.87% at 4:24 am CET. The dollar was up 0.05% against the yen to sell for 108.163 at the same time.

Hong Kong's Hang Seng added 0.05% at 4:25 am CET and Australia's S&P/ASX 200 increased by 0.04% at 4:27 am CET.

Markets in mainland China and South Korea were closed for holidays.

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