Asian Stocks Start the Week With a Positive Outlook
Asian stocks opened for the first week on mixed performance as China’s stock indexes led gains, Hong Kong’s Hang Seng Index, South Korea’s Kospi Corp, New Zealand stocks and Australian stocks closed lower today. Monday, due to a holiday in Australia, while Japanese stocks rallied.
This comes amid the aspiration of the second round of trade talks between the United States and China, the world’s largest economy, which will start with Chinese Vice Premier Liu Hu’s visit to America on January 30-31. It is noteworthy that US Treasury Secretary Stephen Menuchin expressed Said at the end of last week that he believed the two countries were “making much progress” in the trade talks and that he looked forward to future discussions with Liu.
US Treasury Secretary Manucheen made the remarks a few hours after US Commerce Secretary Wilbur Ross said the United States and China were “miles away” from resolving trade issues, but there was a fair chance they could reach a deal. We would like to point out that the first round talks in Beijing Has been positive, but some report has recently touched on that Washington is currently pressing to end the theft of intellectual property of their companies.
Elsewhere, markets are looking for the outcome of the FOMC meeting in Washington on 29-30 of this month amid expectations that the committee, led by Federal Reserve Governor Jerome Powell, will remain on the federal funds rate between 2.25% and 2.50% Raised four times last year, as the move to cut back on government bond purchases and mortgage bonds by $ 50 billion a month.
In another context, we followed at the end of last week the statements of US President Donald Trump, which he said he asked Congress to work on legislation to reopen the federal government until mid-February, ending the longest partial closure of the federal government in the history of America, Hours after the federal police arrested the US presidential adviser, Roger Stone, who increased the White House crackdown.
Japan’s Nikkei 225 index fell 0.35%, losing 71.91 points to 20,701.65. The Nikkei 225 index fell 0.35% to close at 1,561.05.
As for China, the CSI 300 index rose by 1.15% to gain 36.68 points to reach 3,221.15. The Shanghai Composite Index gained 0.87% and the other gained 22.64 points to reach 2,624.36.
Hong Kong’s Hang Seng Index rose 0.53% to 145.09 points to 27,714.28, while South Korea’s Kospi rose 0.10% to gain 2.07 points to 2,179.80.