STI picks up on rise in Asian equities

Straits Times Index snaps a string of losses this week to finish 0.4 per cent higher, or 11.34 points, at 3,054.53

ASIAN stocks rose on Thursday, buoyed by signs that China and the United States are taking the first steps to de-escalate their bitter trade dispute.

Beijing on Wednesday had sent a response to US demands for trade reform, as both countries resumed informal discussions ahead of a meeting between leaders of both countries.

The move could signal formal negotiations between the two superpowers in a trade war of attrition which so far has involved everything from soya beans to aluminium.

Hong Kong and Shanghai...

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