U.S.-China agree to resume trade talks in October, Asian stock markets rebound


Asian stock markets closed higher today after
the U.S. and China agreed to resume trade talks. Investor sentiment was also boosted by the
British parliament’s passage of a bill to stop a no-deal Brexit. Yoon Jung-min has details. The U.S. and China are set to resume trade
talks early October in Washington D.C.,… following new tariffs that the two countries
have imposed on one another. The Chinese Ministry of Commerce said Thursday…
that negotiators from the U.S. and China held phone talks and agreed to hold another round
of face-to-face negotiations next month. China’s top negotiator Liu He will meet his
American counterpart Steven Mnuchin,… and working-level talks will also be held in mid-September
prior to that meeting,… the Chinese ministry said. In the meantime, the Brexit deadline was pushed
to January 31st next year as the British Parliament approved on Wednesday… a bill that would
require legislative approval for a no-deal Brexit. Worries over the UK’s messy divorce from the
European Union has also been fueling global uncertainties… along with the trade conflict
between Washington and Beijing. Asian markets reacted positively to the news
on Thursday. Japan’s Nikkei and Topix indices saw around
2 percent increases. China’s Shanghai Composite was up around 1
percent, breaking the 3-thousand mark at its intraday peak. South Korea’s benchmark KOSPI was up around
zero-point-8 percent and topped the 2-thousand mark for the first time since early-August,…
driven by demand from foreign investors. The tech-heavy KOSDAQ was also up around zero-point-6
percent. Yoon Jung-min, Arirang News.

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