Hong Kong: Most Asian actions increased on Friday May 9 on the growing optimism that the worst of the commercial war of Donald Trump has passed After having concluded an agreement with Great Britain And suggested that he could reduce prices on China while managers are preparing for interviews with high issues this weekend.
The atmosphere among investors has improved considerably since the American president unveiled his blitz of “liberation day” last month, sending markets that turn and fed fears of the global recession.
Several countries have lined up to hold interviews with Washington to avoid the worst tasks that vary from 10% to 145% on China – Trump's main objective.
On Thursday, Great Britain became the first to announce an agreement that reduces prices on British cars and lifts them in steel and aluminum, while in return, Great Britain will open markets with American beef and other agricultural products.
Although there are several areas that must still discuss, Trump and Prime Minister Keir Starmer welcomed the “historic” agreement, the American president saying that he should be considered a model for others.
But analysts said the merchants were more enthusiastic about the comments of the Republican leader on future talks with China in which he referred to a relaxation of rigid measures aimed at the number two economy in the world. This could see Beijing recompose some of its own 125% prices on American products.
Trump told journalists that he thought that negotiations would be “substantial” and when asked if the reduction in the samples was a possibility, he said “it could be”.
“We are going to see. Right now, you cannot increase. It is 145%, so we know that it drops. I think we are going to have a very good relationship.”
The Treasury Secretary Scott Bessent and the US trade representative Jamieson Greer should meet the Chinese Deputy Prime Minister, He Lifeng in Switzerland, Saturday and Sunday, the first talks between superpowers since Trump unveiled his prices.
The American president also reported efforts at home to pass the tax discounts he promised during the electoral campaign, adding: “This country will reach a point that you would better go out and buy actions.
“Now let me tell you this, this country will be like a rocket that rises right away.”
Stephen Innes, of Spi Asset Management, said: “As important as the British agreement be, Trump's tone on China was the real signal for the markets – and he put the relay at risk directly in Asia in a friendly and optimistic manner.
“The president has except Green the idea that the days of punitive conflict could give way to the momentum.”
Asian markets extended the week's rally and followed the gains at Wall Street.
Tokyo jumped more than 1% on the hopes of Japan trade talks. However, the secretary of commerce, Howard Lunick, warned agreements with Japan and South Korea could take longer to reach, while adding that there was “a lot of work” to conclude an agreement with India.
Hong Kong, Sydney, Wellington, Taipei, Manila and Jakarta also progressed, although Seoul withdrew.
Shanghai has also dropped Chinese commercial data that should see a clear drop in March due to the pricing war.
The return of a certain confidence in the market also helped Bitcoin to recover, repelling it above US $ 100,000 for the first time since February. The cryptocurrency struck US $ 104,159 on Thursday, pushing it to the record greater than US $ 109,000 seen in January.
