Asian markets cautiously higher ahead of Xi-Trump summit - News Summed Up

Asian markets cautiously higher ahead of Xi-Trump summit


Asia’s markets mostly rose on Wednesday but investors moved nervously ahead of a summit between Chinese President Xi Jinping and Donald Trump this week. There are also geopolitical concerns linked to North Korea’s growing nuclear programme, with Trump warning he would be prepared to sideline Beijing in dealing with the rogue state. “It seems most folks are waiting on the meeting between Presidents Xi and Trump. Hong Kong jumped 0.6% while Shanghai rallied 1.5% as investors welcomed a decision to set up a new economic development zone near Beijing. The news boosted property and construction stocks as it sparked a frenzy among out-of-town home buyers.


Source: Dhaka Tribune April 05, 2017 17:51 UTC



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